Regulation 6 Amendment of (and extension to) the Lloyd’s Underwriters (Scottish Limited Partnerships) (Tax) Regulations 1997

for “section 111(2) of the Taxes Act” substitute “section 849 of the Income Tax (Trading and Other Income) Act 2005^f1”; and

after sub-paragraph (b) insert—

“(ba)

the Lloyd’s Underwriters (Tax) Regulations 2005^f2 shall have effect in relation to the partnership as if it were a member who is an individual.”.