# The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009, Regulation 19: References to beneficiaries in regulations 17 and 18


In regulations 17 and 18 references to a beneficiary are references to any person who is known to the trustees of the trust to be either—
(a) a person who is, or will, or may become, entitled to any income of the trust, whether in the form of income or not, or
(b) a person to whom any such income may be paid, or for whose benefit any such income may be applied, whether in the form of income or not, in the exercise of a discretion by the trustees.

---
Source: https://www.legislation.gov.uk/uksi/2009/2034/regulation/19 (the official version)
Page: https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.