BIM61310 - Leasing: avoidance: sale
and leaseback of land: extended meaning of transfer
References in ICTA88/S779 to the
transfer of an estate or interest in land include
references to:
- the granting of a lease or any other
transaction involving the creation of a new estate or interest in
the land.
- the transfer of a lessee's interest under
a lease by surrender or forfeiture.
- any transaction or series of transactions
affecting land such that some person is the owner or part owner
both before and after the transactions but another person becomes
or ceases to be a part owner.
(ICTA88/S779 (3)).
