{
  "url": "https://openlegislation.uk/investment-trust-approved-company-tax-regulations-2011/regulation-22",
  "json_url": "https://openlegislation.uk/investment-trust-approved-company-tax-regulations-2011/regulation-22.json",
  "legislation": "uksi/2011/2999",
  "legislation_title": "The Investment Trust (Approved Company) (Tax) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/investment-trust-approved-company-tax-regulations-2011",
  "path": "regulation/22",
  "kind": "regulation",
  "number": "22",
  "heading": "The income distribution requirement: exceptions",
  "text": "(1) Regulations 19 and 21 do not apply in relation to an accounting period if the amount that the investment trust would be required to distribute in accordance with those regulations, taken together, would be less than £30,000.\n(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(3) If the accounting period mentioned in paragraph (1) is shorter than 12 months, the amount of £30,000 mentioned in that paragraph is proportionately reduced.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Reg. 22(2) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of The Investment Trust (Approved Company) (Tax) (Amendment) Regulations 2013 (S.I. 2013/1406), regs. 1(2), 2(4)(a)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 22(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Investment Trust (Approved Company) (Tax) (Amendment) Regulations 2013 (S.I. 2013/1406), regs. 1(2), 2(4)(b)(i)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 22(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Investment Trust (Approved Company) (Tax) (Amendment) Regulations 2013 (S.I. 2013/1406), regs. 1(2), 2(4)(b)(ii)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/2999/regulation/22",
    "retrieved_at": "2026-10-29T01:47:20.235235+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."
}