# The Income Tax (Interest Relief) Regulations 1982, Regulation 2: Interpretation


(1) In these Regulations unless the context otherwise requires:—
“authorised officer” means the official registered by the Board as being authorised for the purposes of these Regulations by the lender;
“the Board” means the Commissioners of Inland Revenue;
“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;
“lender” means a qualifying lender for the purposes of section 26;
“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;
“a qualifying borrower” has the meaning given by Part III of Schedule 7;
“relevant loan interest” has the meaning given by Part I of Schedule 7;
“Schedule 7” means Schedule 7 to the Finance Act 1982;
“section 26” means section 26 of the Finance Act 1982;
“section 28” means section 28 of the Finance Act 1982;
“tax year” means a period of 12 months ending on 5th April.
(2) In the application of these Regulations to Scotland—
(a) “a freehold or leasehold estate” means any interest in land; and
(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.

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Source: https://www.legislation.gov.uk/uksi/1982/1236/regulation/2 (the official version)
Page: https://openlegislation.uk/income-tax-interest-relief-regulations-1982/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.