{
  "url": "https://openlegislation.uk/lloyds-underwriters-tax-regulations-1995/regulation-15",
  "json_url": "https://openlegislation.uk/lloyds-underwriters-tax-regulations-1995/regulation-15.json",
  "legislation": "uksi/1995/351",
  "legislation_title": "The Lloyd’s Underwriters (Tax) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/lloyds-underwriters-tax-regulations-1995",
  "path": "regulation/15",
  "kind": "regulation",
  "number": "15",
  "heading": "Cessation of individual member’s underwriting business by reason of death – winding up of old-style special reserve fund",
  "text": "(1) In any case where—\n(a) a member ceases to carry on his underwriting business by reason of his death;\n(b) the member’s final year of assessment, ascertained in accordance with the provisions of Chapter III and these Regulations, is the year 1992–93 or any subsequent year of assessment; and\n(c) prior to his death no new-style fund had been set up in relation to the member;\nsubsection (4) of section 175 of the Finance Act 1993 (winding-up of old-style fund) shall apply as if paragraph (b) of that subsection was omitted.\n(2) In paragraph (1) above,“new-style fund” and “old-style fund” have the meanings given by paragraph 12(1) of Schedule 20.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/351/regulation/15",
    "retrieved_at": "2026-10-29T13:16:35.653015+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}