# Wales Act 2014, Paragraph 14


(1) Paragraph 1 is amended as follows.
(2) In the definition of “effective date” in sub-paragraph (1), after “Scotland” (in both places) insert “ or Wales ”.
(3) For sub-paragraph (1A) substitute—
“(1A) In this Schedule “qualifying interest” means—
(a) in relation to land in England and Wales—
(i) an estate in fee simple absolute, or
(ii) a term of years absolute,
whether subsisting at law or in equity;
(b) in relation to land in Scotland—
(i) the interest of an owner of land, or
(ii) the tenant's right over or interest in a property subject to a lease;
(c) in relation to land in Northern Ireland—
(i) any freehold estate, or
(ii) any leasehold estate,
whether subsisting at law or in equity;
except that it does not include a lease for a term of years, or (in Scotland) for a period, of 21 years or less.”

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Source: https://www.legislation.gov.uk/ukpga/2014/29/schedule/2/paragraph/14 (the official version)
Page: https://openlegislation.uk/wales-act-2014/schedule-2/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.