Part III Income Tax, Corporation Tax and Capital Gains Tax
Pensions and insurance, etc.
84 Lloyd’s: roll-over relief.
1
In section 155 of the M1Taxation of Chargeable Gains Act 1992 (classes of assets for the purposes of roll-over relief), after Class 7 there shall be inserted—
CLASS 8 Assets within heads A and B below.
Head A Rights of a member of Lloyd’s under a syndicate within the meaning of Chapter III of Part II of the M2Finance Act 1993.
Head B An asset which a member of Lloyd’s is treated as having acquired by virtue of section 82 of the Finance Act 1999.
2
This section applies to—
a
assets (or interests in them) disposed of on or after 6th April 1999;
b
assets (or interests in them) acquired on or after that date.