984. Interest in land as property subject to a reservation.

The following provisions apply1 where an individual disposes of an interest in land by way of gift on or after 9 March 19992. At any time in the relevant period3 when the donor or his spouse or civil partner enjoys a significant right or interest, or is party to a significant arrangement, in relation to the land, the interest disposed of is referred to (in relation to the gift and the donor) as property subject to a reservation4.

A right, interest or arrangement in relation to land is significant for this purpose if (and only if) it entitles or enables