Regulation 2
This section has no associated Explanatory Memorandum
3.—(1) Amend regulation 2 (interpretation) as follows.
(2) In paragraph (1)—
(a)in the definition of “account investment”()—
(i)for “or an innovative finance component” substitute “, an innovative finance component or a Lifetime ISA component”, and
(ii)after “8” insert “, 8ZA”(),
(b)after the definition of “CTA 2010”() insert—
““current year payments” has the meaning given in regulation 10A(3)();”,
(c)after the definition of “eligible child”() insert—
““eligible conveyancer” has the meaning given in paragraph 7 of the Schedule;”,
(d)after the definition of “gilt-edged securities” insert—
““government bonus” has the meaning given in the Schedule;”,
(e)after the definition of “lender”() insert—
““Lifetime ISA” has the meaning given in regulation 4(1ZB)();”,
““Lifetime ISA payment limit” has the meaning given in regulation 4ZA(1A);”,
““Lifetime ISA qualifying individual” has the meaning given in regulation 10A;”, and
(f)after the definition of “plan shares”() insert—
““qualifying addition” has the meaning given in the Schedule;”.
(3) In the Table in paragraph (2) after the entry for “Qualifying investments for a cash component” insert—
“Qualifying investments for a Lifetime ISA component | 8ZA” |