Paragraph 8 F1
United Kingdom
In this Part of this Schedule—
F2“ 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.
- (a)
“the syndicate capacity disposal” has the meaning given by paragraph 6(3) above.
Annotations
Textual amendments
- F1
Sch. 20A inserted (22.7.2004) by Finance Act 2004 (c. 12), Sch. 25 para. 3
- F2
Words in Sch. 20A para. 8 substituted (14.2.2006) by The Lloyds Underwriters (Conversion to Limited Liability Underwriting) (Tax) Regulations 2006 (S.I. 2006/112), regs. 1, 2
Notes on Schedule 20A
Textual amendments
- F2
Sch. 20A heading substituted (19.12.2014) by The Lloyd's Underwriters (Conversion of Partnerships to Underwriting through Successor Companies) (Tax) Regulations 2014 (S.I. 2014/3133), regs. 1, 5(7)
- F3
Words in Sch. 20A heading inserted (16.6.2016) by The Lloyds Underwriters (Roll-over Relief on Disposal of Assets of Ancillary Trust Fund) (Tax) Regulations 2016 (S.I. 2016/597), regs. 1(1), 9