{
  "url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1991/regulation-10",
  "json_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1991/regulation-10.json",
  "legislation": "uksi/1991/733",
  "legislation_title": "The Personal Equity Plan (Amendment) Regulations 1991",
  "legislation_url": "https://openlegislation.uk/personal-equity-plan-amendment-regulations-1991",
  "path": "regulation/10",
  "kind": "regulation",
  "number": "10",
  "heading": "Amendments to the principal Regulations",
  "text": "(1) Regulation 17 shall be renumbered as paragraph (1) of thatregulation.\n(2) In regulation 17—\n(a) in paragraph (1) the words from“, except interest” to“for his benefit” shall be omitted.\n(b) after paragraph (1) there shall be added—\n“(2) Interest on a cash deposit which is a plan investment—\n(a) where the cash is deposited in an account with a deposit-taker,shall be paid or credited gross and the deposit shall not be treated asa relevant deposit within the meaning of section 481(4) of the Incomeand Corporation Taxes Act 1988, and\n(b) where the cash is deposited in an account with a building society,shall be treated as a gross payment to which regulation 4 of the IncomeTax (Building Societies) (Dividends and Interest) Regulations 1990 applies.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Section 481 was amended by paragraph 8 of Schedule 5to the Finance Act 1990 (c. 29)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "S.I. 1990/2231."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/733/regulation/10",
    "retrieved_at": "2026-10-29T14:47:35.603577+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."
}