{
  "url": "https://openlegislation.uk/offshore-funds-tax-amendment-no-2-regulations-2013/regulation-9",
  "json_url": "https://openlegislation.uk/offshore-funds-tax-amendment-no-2-regulations-2013/regulation-9.json",
  "legislation": "uksi/2013/1411",
  "legislation_title": "The Offshore Funds (Tax) (Amendment No. 2) Regulations 2013",
  "legislation_url": "https://openlegislation.uk/offshore-funds-tax-amendment-no-2-regulations-2013",
  "path": "regulation/9",
  "kind": "regulation",
  "number": "9",
  "heading": "Equalisation amounts not treated as distributions",
  "text": "In regulation 94A (equalisation amounts not treated as distributions), for paragraph (2) substitute—\n“(2) Where this regulation applies, distributions are reduced in accordance with either option 1 or option 2.\nOption 1\nUnder this option—\n(a) the amount of any actual distributions to the participant in respect of the reporting period is reduced by the equalisation amount, and\n(b) the amount of any excess treated as additional distributions made to the participant is reduced by the amount, if any, by which the equalisation amount exceeds the amount of any actual distributions to the participant in respect of the reporting period.\nOption 2\nUnder this option—\n(a) the amount of any excess treated as additional distributions made to the participant is reduced by the equalisation amount, and\n(b) the amount of any actual distributions to the participant in respect of the reporting period is reduced by the amount, if any, by which the equalisation amount exceeds the excess.”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2013/1411/regulation/9",
    "retrieved_at": "2026-10-29T00:51:37.760970+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."
}