The Lloyd’s Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016

1. Introductory Text

2. 1. Citation, commencement and effect

3. 2. Amendment of the Finance Act 1993

4. 3. In paragraph 1, in sub-paragraph (6) omit “(“the successor company’s...

5. 4. In paragraph 4— (a) in sub-paragraph (6) after “exceeds” insert...

6. 5. In paragraph 5, in sub-paragraph (1) omit the definition of...

7. 6. In paragraph 5A, in sub-paragraph (7) omit “(“the successor company’s...

8. 7. In paragraph 5C— (a) in sub-paragraph (6) after “exceeds” insert...

9. 8. In paragraph 5D, in sub-paragraph (1) omit the definition of...

10. 9. In the Schedule heading, at the beginning insert “Lloyd’s underwriters:”....

11. Signature

12. Explanatory Note