# Capital Allowances Act 2001, Section 366: Interest conveyed or assigned by way of security


If an interest in land is—
(a) conveyed or assigned by way of security, and
(b) subject to a right of redemption,
the person with the right of redemption is treated for the purposes of this Part as having that interest, and not the creditor.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/366 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-366
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.