{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-373",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-373.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/373",
  "kind": "section",
  "number": "373",
  "heading": "Open-ended investment company interest distributions",
  "text": "(1) This section applies if the distribution accounts of an open-ended investment company show the total amount available for distribution to owners of shares in the company as available for distribution as yearly interest.\n(2) Subsection (1) is subject to subsection (7) .\n(3) For income tax purposes payments of yearly interest are treated as made to the owners of the shares by the company.\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) The amount of the payment treated as made to each owner is so much of the total amount mentioned in subsection (1) as is proportionate to the owner's shares.\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(7) This section does not apply if the open-ended investment company is an approved personal pension scheme.\n(8) See section 375 for the interpretation of this section and section 374.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 373(2) substituted (1.4.2006 with effect as mentioned in reg. 1(2) of the amending S.I.) by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 91(2)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 373(4)(6) repealed (with effect as mentioned in the commencing S.I.) by Finance (No. 2) Act 2005 (c. 22), ss. 17(1)(d), 19(1), 70, Sch. 11 Pt. 2(3); S.I. 2006/982, art. 2"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/373",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}