Section 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.