Taxation of Chargeable Gains Act 1992 section 207

Disposal of assets in premiums trust

Section 207 dealt with the tax treatment of disposals of assets held within a Lloyd's underwriter's premiums trust fund, but has been repealed for 1994 and later underwriting years.

• Section 207 originally addressed the chargeable gains treatment of asset disposals from Lloyd's premiums trust funds.
• The section was repealed by the Finance Act 1993, section 213, Schedule 23 Part III(12).
• The repeal takes effect for the 1994 underwriting year and all subsequent underwriting years.
• The section has no continuing application and is no longer relevant for current tax purposes.