Taxes Consolidation Act 1997 section 372AK

Interpretation (Chapter 11)

Section 372AK defines the key terms used throughout the Chapter dealing with tax relief for residential accommodation in designated tax incentive areas.

• A "house" includes any building or part of a building used or suitable for use as a dwelling, together with any yard, garden, outoffice, or other land normally enjoyed with it; a "lease" includes any tenancy or lease-type agreement but excludes a mortgage; and "rent" carries the same meaning as in the rental income provisions of the Act.
• "Refurbishment" covers repair, renewal, or restoration works (including water, sewerage, and heating improvements) and is defined differently depending on whether the building is a standard building, a façade, or a multi-unit "special specified building" — with ministerial certification required for standard buildings and regulatory compliance required for multi-unit buildings.
• A "tax incentive area" means a qualifying urban area, a qualifying rural area, the site of a qualifying park and ride facility, a qualifying town area, or a qualifying student accommodation area, each of which is defined or designated under its own specific provision.
• Several terms — including "qualifying expenditure", "qualifying premises", "qualifying lease", "qualifying period", and "eligible expenditure" — are defined by reference to other sections of the Chapter and must be read in conjunction with those sections.