Regulation 1 Citation, commencement, interpretation and effect

These Regulations may be cited as the Long Funding Leases (Elections) Regulations 2007, shall come into force on 28th February 2007 and shall have effect in respect of leases finalised on or after 1^st April 2006.

In these Regulations—

• “CAA” means the Capital Allowances Act 2001^f1; and

• “TMA” means the Taxes Management Act 1970^f2.

In these Regulations—

• “eligible lease” has the meaning given by regulation 3;

• “lessor” has the meaning given in section 70YI of CAA^f3;

• “qualifying incidental lease” has the meaning given by regulation 4; and

  other terms defined or otherwise explained in Chapter 6A of CAA have the same meaning in these Regulations as they have there.