2006 No. 112
INCOME TAX
CORPORATION TAX
The Lloyd’s Underwriters (Conversion to Limited Liability Underwriting) (Tax) Regulations 2006
Made
Laid before the House of Commons
Coming into force
Citation and commencement1
These Regulations may be cited as the Lloyd’s Underwriters (Conversion to Limited Liability Underwriting) (Tax) Regulations 2006 and shall come into force on 14th February 2006.
Amendment of Schedule 20A to the Finance Act 19932
In Schedule 20A to the Finance Act 19933, in paragraph 8, for the definition of “successor partnership” substitute—
“ successor partnership” means—
- a
a limited partnership formed under the law of Scotland which is a successor member, or
- b
a limited liability partnership formed under the law of any part of the United Kingdom which is a successor member.
David VarneyMichael HansonTwo of the Commissioners for Her Majesty’s Revenue and Customs
(This note is not part of the Regulations)