The Lloyd’s Underwriters (Conversion to Limited Liability Underwriting) (Tax) Regulations 2006

• Citation: S.I. 2006/112
• Sections: 2

Section 1 Citation and commencement

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.

Section 2 Amendment of Schedule 20A to the Finance Act 1993

In Schedule 20A to the Finance Act 1993 , in paragraph 8, for the definition of “successor partnership” substitute—

“ successor partnership” means—

a limited partnership formed under the law of Scotland which is a successor member, or

a limited liability partnership formed under the law of any part of the United Kingdom which is a successor member.