Income Tax Act 2007 section 325

Interpretation of Chapter

Section 325 defines key terms used throughout this chapter, specifically the meanings of "regulations" and "tax enactments".

• This section provides definitions for two important terms used in the chapter.
• "Regulations" means regulations made by the Treasury.
• "Tax enactments" covers provisions under the Tax Acts, the Taxation of Chargeable Gains Act 1992 (and any other capital gains tax legislation), and the Taxes Management Act 1970.
• These definitions ensure consistent interpretation of the chapter's provisions relating to community investment tax relief.