Section 179B Conversion to underwriting through partnership or companyF1F3
United Kingdom
Schedule 20A to this Act (which makes provision for certain reliefs to be available where a member converts to limited liability underwriting F2or a Lloyd’s partnership converts to underwriting through a company) shall have effect.
Annotations
Textual amendments
- F1
S. 179B inserted (22.7.2004) by Finance Act 2004 (c. 12), Sch. 25 para. 2
- F2
Words in s. 179B inserted (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, 3(a)
- F3
Words in s. 179B 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, 3(b)
Notes on Chapter III
Modifications
- C1
Pt. II Chapter III applied (1.5.1995 with application as mentioned in s. 127(19) of the amending Act) by 1995 c. 4, s. 127(16)(a)(19)
- C2
Pt. II Chapter III modified (1.12.1997 with effect with respect to accounting periods of Lloyd's Scottish limited partnerships ending on or after that date) by S.I. 1997/2681, reg. 3(1)(a)