{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-376",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-376.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/376",
  "kind": "section",
  "number": "376",
  "heading": "Authorised unit trust interest distributions",
  "text": "(1) This section applies if the distribution accounts of an authorised unit trust show the total amount available for distribution to unit holders 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 unit holders.\n(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(5) The amount of the payment treated as made to each unit holder is so much of the total amount mentioned in subsection (1) as is proportionate to the unit holder's rights.\n(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(7) This section does not apply if the authorised unit trust is an approved personal pension scheme.\n(8) See section 378 for the interpretation of this section and section 377.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 376(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(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 376(4)(6) repealed (with effect as mentioned in the commencing S.I.) by Finance (No. 2) Act 2005 (c. 22), ss. 17(1)(e), 19(1), 70, Sch. 11 Pt. 2(3); S.I. 2006/982, art. 2"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/376",
    "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."
}