Search Legislation

The Lloyd’s Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As made)
 Help about opening options

Opening Options

More Resources

Status:

This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Death of partner

9.—(1) This regulation applies where—

(a)regulation 3(1) applies in relation to a Lloyd’s Scottish limited partnership, and

(b)an individual who is a partner in the partnership dies.

(2) The carrying on of the deceased partner’s partnership business by his personal representatives shall not be treated for the purposes of the Income Tax Acts as a change in the persons engaged in the carrying on of that business.

(3) The deceased partner’s partnership business shall be treated for the purposes of the Income Tax Acts as continuing until either—

(a)any security provided by him in relation to that business is released or repaid by Lloyd’s to his personal representatives, or

(b)his interest in the partnership is assigned by his personal representatives.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources