Section 117 | Meaning of “major interest” in land

(1)References in this Part to a “major interest” in land shall be construed as follows.

(2)In relation to land in England ... , the references are to—^F1

(a)an estate in fee simple absolute, or

(b)a term of years absolute,

whether subsisting at law or in equity.

(3)Repealed^F2

(4)In relation to land in Northern Ireland, the references are to—

(a)any freehold estate, or

(b)any leasehold estate,

whether subsisting at law or in equity.