{
  "url": "https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-3",
  "json_url": "https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-3.json",
  "legislation": "uksi/2009/2034",
  "legislation_title": "The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009",
  "legislation_url": "https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Interpretation",
  "text": "(1) In these Regulations—\nthe “Commissioners” means the Commissioners for Her Majesty’s Revenue and Customs;\n“ICTA” means the Income and Corporation Taxes Act 1988;\n“interest distribution” has the meaning given in regulation 5(2);\n“period of account” has the meaning given in section 832(1) of ICTA; and\n“qualifying interest income” means the amount determined in accordance with regulation 8.\n(2) In these Regulations “recipient”, in relation to an interest distribution of an investment trust or prospective investment trust, means the beneficial owner of the interest distribution, except where the distribution is held on trust (other than under a bare trust) or forms part of the estate of a deceased person; and, in such a case, the recipient means the trustees of the trust on which the interest distribution is held or, as the case may be, the deceased person’s personal representatives.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1988 c. 1."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "The definition of “period of account” was inserted by section 103(1) and (6) of the Finance Act 2002 (c. 23)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2009/2034/regulation/3",
    "retrieved_at": "2026-10-29T03:07:48.363602+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."
}