Paragraph 3

For the purposes of this Schedule—

(a)

in respect of premises in England and Wales, a relevant interest is registered if it is registered in the register of title maintained by Her Majesty’s Land Registry; and

(b)

in respect of premises in Scotland, a relevant interest is registered if it is—

(i)

registered in the Land Register of Scotland; or

(ii)

recorded in the Register of Sasines.