363. Relevant disposal.

References to a relevant disposal under the Landlord and Tenant Act 1987 affecting any qualifying premises¹ are references to the disposal² by the landlord of any estate or interest, whether legal or equitable, in any such premises, including the disposal of any such estate or interest in any common parts of any such premises other than the grant of any tenancy under which the demised premises consist of a single flat, whether with or without any appurtenant premises³. The following disposals are excluded:

1.  

   (1)     a disposal of any interest of a beneficiary in settled land⁴ or any incorporeal hereditament;