# The Investment Trusts (Dividends) (Optional Treatment as Interest Distributions) Regulations 2009, Regulation 4: Circumstances in which dividends may be treated as interest distributions


(1) Subject to paragraph (2), regulation 5 applies if—
(a) a company is an investment trust or a prospective investment trust as respects an accounting period;
(b) an amount is distributed by the company as a dividend in respect of a period of account which includes that accounting period; and
(c) the amount distributed in relation to the period of account is distributed on or before the first anniversary of the day on which that period of account ends.
(2) In a case where an amount is distributed by the company as a dividend in respect of a period of account which includes two or more accounting periods of the company, the company must be an investment trust or prospective investment trust as respects all of those accounting periods.

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Source: https://www.legislation.gov.uk/uksi/2009/2034/regulation/4 (the official version)
Page: https://openlegislation.uk/investment-trusts-dividends-optional-treatment-as-interest-distributions-regulations-2009/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.