S.L. 123.88 Art. 2Interpretation. Cap. 123. Cap. 376.

In these rules, unless the context otherwise requires -"the Act" means the Income Tax Act;

"asset" means any asset in respect of which a deduction is due under article 14(1)(f) of the Act but excluding any industrial building or structure; "financial institution" means an institution licensed under the Financial Institutions Act; "finance lease" means a lease of assets referred to in rule 3: Provided that the Commissioner may, at his absolute discretion, not recognise a lease of assets as a finance lease if he is of the opinion that the leasing company and the lessee are in any way related;

"finance leasing company" means -

(a) a company as defined in the Act, being a duly licensed financial institution which has its objects expressly limited to that of being engaged solely in the business of granting finance leases and in such other acts and activities as are necessary for the conduct of the said business;

(b) a company incorporated outside Malta and of a nature similar to that mentioned in paragraph (a); "qualifying finance lease" means a finance lease qualifying in accordance with the provisions of rule 4.