Duties Act 2000

For the purposes of this Part, a land holding is—

an interest in land other than the estate or interest of a mortgagee, chargee, or other secured creditor or a profit à prendre; or

dutiable property referred to in section 10(1)(ad); or

an interest in relevant land taken to be beneficially owned under section 32XD.

An interest in land, however—

is not a land holding of a unit trust scheme unless the interest is held by—

a trustee of the scheme in the capacity of trustee; or

a custodian or other agent in the capacity as custodian or agent of the trustee of the scheme; and

is not a land holding of a company unless the interest of the company in the land is a beneficial interest.

This section is in aid of, but does not limit, the operation of any provision of this Part providing for constructive ownership of interests in land.