Taxation of Chargeable Gains Act 1992 section 206

Underwriters

Section 206 previously dealt with the chargeable gains tax treatment of Lloyd's underwriters, but has been repealed.

  • Section 206 originally provided rules for the taxation of chargeable gains arising to Lloyd's underwriters.
  • The section was repealed in its entirety by the Finance Act 1993.
  • The repeal was effected by section 213 and Schedule 23, Part III of the Finance Act 1993.
  • Replacement provisions for Lloyd's underwriters were introduced elsewhere in the Finance Act 1993, under sections 183 and 184.

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