# Capital Allowances Act 2001, Section 360Z4: Meaning of “lease” etc.


(1) In this Part “ lease ” includes—
(a) an agreement for a lease if the term to be covered by the lease has begun, and
(b) any tenancy,
but does not include a mortgage (and “ lessee ”, “ lessor ” and “ leasehold interest ” are to be read accordingly).
(2) In the application of this Part to Scotland—
(a) “ leasehold interest ” or “ leasehold estate ” means the interest of a tenant in property subject to a lease, and
(b) any reference to an interest which is reversionary on a leasehold interest or on a lease is to be read as a reference to the interest of the landlord in the property subject to the leasehold interest or lease.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/360Z4 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-360Z4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.