{
  "url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2011/regulation-27",
  "json_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2011/regulation-27.json",
  "legislation": "uksi/2011/1780",
  "legislation_title": "The Individual Savings Account (Amendment No. 2) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/individual-savings-account-amendment-no-2-regulations-2011",
  "path": "regulation/27",
  "kind": "regulation",
  "number": "27",
  "heading": "Amendments to the Individual Savings Account Regulations 1998",
  "text": "In regulation 22 (exemption from tax of account income and gains)—\n(a) for paragraph (1)(a)(ia) substitute—\n“(ia) in respect of alternative finance return paid by a financial institution in accordance with Part 10A of ITA 2007, or”;\n(b) in paragraph (1)(a)(ib) for “regulation 4(2) to (3)” substitute “regulations 4ZA(1) and (2) and 4ZB(1)”;\n(c) for paragraph (1)(a)(iii) substitute—\n“(iii) on an offshore income gain to which a disposal by any of them of an account investment would otherwise give rise to a charge to tax under regulation 17 of the Offshore Funds (Tax) Regulations 2009, or”;\n(d) omit “and” immediately preceding paragraph (1)(e);\n(e) in paragraph (1)(e), at the beginning, insert the words “in relation to an account that is not a junior ISA account,”;\n(f) immediately before the end of paragraph (1) insert—\n“;\n(f) in relation to a junior ISA account, income arising from account investments shall not be regarded as income for any income tax purposes (including section 629 of ITTOIA 2005)”;\n(g) in paragraph (2), for “subscribing to” substitute “the opening of”;\n(h) after paragraph (2) add—\n“(3) A reference to “interest” in this regulation includes a reference to any bonus and to a dividend paid or credited in respect of a share account with a building society.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "2007 c. 3; Part 10A was inserted by paragraphs 1 and 2 of Part 1 of Schedule 2 to the Taxation (International and Other Provisions) Act 2010 (c. 8)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 2009/3001, to which there are amendments not relevant to these Regulations."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "2005 c. 5; the heading to section 629 was substituted by, and subsections (1) and (7)(b), (c) and (d) of that section were amended by S.I. 2005/3229 and subsection (8) was inserted by paragraph 34(1) of Schedule 13 to the Finance Act 2006 (c. 25)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/1780/regulation/27",
    "retrieved_at": "2026-10-29T02:01:06.032017+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."
}