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Regulation 3 Interpretation: general

Original text. Later amendments are not shown.

(1)

In these Regulations—

(a)

a reference to Part 4 is a reference to Part 4 of the Finance Act 2006,

(b)

a reference to a section (without more) is a reference to that section of the Finance Act 2006, and

(c)

a reference to Schedule 17 is a reference to Schedule 17 to the Finance Act 2006.

(2)

In these Regulations—

  • “equity holder” has the meaning it has in regulation 4(1);

  • “joint venture group” means—

    1. (a)

      a group of companies determined in accordance with section 134(2) to (4) carrying on a joint venture between a company to which Part 4 applies and another person, or

    2. (b)

      a group of companies determined in accordance with section 134(2) to (4) carrying on a joint venture in which a member of a group to which Part 4 applies has an interest;

  • “joint venture group look through notice” means—

    1. (a)

      in the case of a company to which Part 4 applies, a notice given under regulation 5, and

    2. (b)

      in the case of a group to which Part 4 applies, a notice given under regulation 17;

  • “JVG (property rental business)” has the meaning it has in regulation 4(3);

  • “JVG (residual)” has the meaning it has in regulation 4(3);

  • “principal company” in relation to a joint venture group means the principal company referred to in section 134(2);

  • “UK business of a joint venture group” is to be construed in accordance with regulation 4(5);

  • “UK resident company” is to be construed in accordance with regulation 4(6);

  • “venturing company” means the company referred to in regulation 5(1); and

  • “venturing group” means the group referred to in regulation 17(1).