# Finance Act 2022, Paragraph 5: Holders of excessive rights

Extent: E+W+S+N.I.

In section 553 (meaning of “holder of excessive rights”), in subsection (1), after paragraph (b) insert
“,
other than a person to whom a payment of a distribution must be made without deduction of income tax in accordance with regulation 7 of the Real Estate Investment Trusts (Assessment and Recovery of Tax) Regulations 2006 (S.I. 2006/2867) (gross payment of distributions).”

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.