{
  "url": "https://openlegislation.uk/income-tax-interest-relief-regulations-1982/regulation-2",
  "json_url": "https://openlegislation.uk/income-tax-interest-relief-regulations-1982/regulation-2.json",
  "legislation": "uksi/1982/1236",
  "legislation_title": "The Income Tax (Interest Relief) Regulations 1982",
  "legislation_url": "https://openlegislation.uk/income-tax-interest-relief-regulations-1982",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "(1) In these Regulations unless the context otherwise requires:—\n“authorised officer” means the official registered by the Board as being authorised for the purposes of these Regulations by the lender;\n“the Board” means the Commissioners of Inland Revenue;\n“financial year” in relation to a lender means a period of 12 months or the period (not necessarily a period of 12 months) for which the lender makes up its accounts;\n“lender” means a qualifying lender for the purposes of section 26;\n“limited loan” means a loan to which either paragraph 5(1) or (2) or paragraph 24(3) of Schedule 1 to the Finance Act 1974 applies;\n“a qualifying borrower” has the meaning given by Part III of Schedule 7;\n“relevant loan interest” has the meaning given by Part I of Schedule 7;\n“Schedule 7” means Schedule 7 to the Finance Act 1982;\n“section 26” means section 26 of the Finance Act 1982;\n“section 28” means section 28 of the Finance Act 1982;\n“tax year” means a period of 12 months ending on 5th April.\n(2) In the application of these Regulations to Scotland—\n(a) “a freehold or leasehold estate” means any interest in land; and\n(b) any reference to a loan on the security of such an estate is a reference to a loan upon a heritable security within the meaning of section 9(8)(a) of the Conveyancing and Feudal Reform (Scotland) Act 1970.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "amended",
      "affecting": "uksi/1983/311",
      "affecting_title": "The Income Tax (Interest Relief) (No. 2) Regulations 1983"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1982/1236/regulation/2",
    "retrieved_at": "2026-10-29T18:15:03.298077+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}