Capital Allowances Act 2001 section 531

Meaning of "dwelling-house", "lease" etc.

Section 531 defines several key terms used throughout Part 10 of the Capital Allowances Act 2001, including "dwelling-house", "lease", and related expressions, with specific provisions for Scotland.

  • "Dwelling-house" takes its meaning from the Rent Act 1977
  • "Lease" includes tenancies and agreements for a lease where the term has begun, but excludes mortgages
  • Related terms such as "lessee", "lessor", and "leasehold interest" follow the same interpretation as "lease"
  • In Scotland, specific definitions apply to "leasehold interest" and references to reversionary interests

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