BLM70680 - Schedule 12 FA 1997: definition of a Part I lease: leases ceasing to come within FA97/Sch12/Part I


FA97/Sch12/Para2 provides that once a lease has come within Part I at some point it remains subject to Part I until:

  • the lease is terminated; or
  • the lease is assigned to an unconnected person (see BLM70690).