Part 24

Corporation Tax Acts definitions etc
Chapter 5

Other Corporation Tax Acts provisions

Scotland
1166
1
In the application of the Corporation Tax Acts to Scotland—
- “assignment” means assignation,
- “estate in land” includes the land,
- “mortgage” means—
  1. a standard security, or
  2. a heritable security, as defined in the Conveyancing (Scotland) Act 1924, but including a security constituted by ex facie absolute disposition or assignation, and
- “surrender” includes renunciation.
2
In the application of the Corporation Tax Acts to Scotland, any reference to property or rights being held on trust or on trusts is a reference to the property or rights being held in trust.