72What are land holdings?

72 What are land holdings? S. 72(1) substituted by No. 17/2019 s. 11. (1) For the purposes of this Part, a ***land holding*** is— (a) an interest in land other than the estate or interest of a mortgagee, chargee, or other secured creditor or a profit à prendre; or (b) dutiable property referred to in section 10(1)(ad); or (c) an interest in relevant land taken to be beneficially owned under section 32XD. (2) An interest in land, however— (a) is not a land holding of a unit trust scheme unless the interest is held by— (i) a trustee of the scheme in the capacity of trustee; or (ii) a custodian or other agent in the capacity as custodian or agent of the trustee of the scheme; and (b) is not a land holding of a company unless the interest of the company in the land is a beneficial interest. (3) 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. S. 72A inserted by No. 17/2019 s. 12.