IFM14449 - Taxation of investment trusts: eligibility and approval requirements: the income distribution requirement: exceptions
Regulation 22 of SI 2011/2999 states that regulations 19 and 21 do not apply in relation to an accounting period if the amount that the investment trust would be required to distribute under those regulations would be less than £30,000 (this amount is proportionately reduced for an accounting period shorter than 12 months).