Summary
1.Section 25 introduces new rules for the taxation of premiums payable by corporate members of Lloyd’s under stop-loss insurance. It also includes an anti-avoidance provision in respect of quota share contracts.
1.Section 25 introduces new rules for the taxation of premiums payable by corporate members of Lloyd’s under stop-loss insurance. It also includes an anti-avoidance provision in respect of quota share contracts.
Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.
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