# The Income Tax (Authorised Unit Trusts) (Interest Distributions) Regulations 2003, Regulation 7: Modification of section 468O in cases where an interest distribution made to or received under a trust is income of a person other than the trustees


(1) This regulation applies in any case where the whole of an interest distribution made to or received under a trust (other than a unit trust scheme) is, or falls to be treated as, or under any provision of the Tax Acts is deemed to be, the income of a person other than the trustees of that trust.
(2) Where this regulation applies, sections 468M, 468O and 468PA shall apply as if references to a unit holder in those sections were references to the person referred to in paragraph (1).

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Source: https://www.legislation.gov.uk/uksi/2003/1830/regulation/7 (the official version)
Page: https://openlegislation.uk/income-tax-authorised-unit-trusts-interest-distributions-regulations-2003/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.