Provisions relating to both individual and corporate partners in aLloyd’s Scottish limited partnership
Disapplication of cessation provisions4
1
Sections 179 and 179A8 of the Finance Act 1993 shall not apply in relation to a Lloyd’s Scottish limited partnership which, by virtue of regulation 3(1), is treated as a member who is an individual.
2
Section 227 of the Finance Act 1994 shall not apply in relation to a Lloyd’s Scottish limited partnership which, by virtue of regulation 3(2), is treated as a member which is a corporate member.