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Legislation
Finance Act 1994

Crossheading Miscellaneous

  • Section 226 Provisions which are not to apply.
  • Section 227 Cessation: final underwriting year.
  • Section 227A Restriction of group relief
  • Section 227B Transfer of underwriting business without change of ownership
  • Section 227C Exemption for profits or losses of foreign permanent establishments
  • Section 228 Lloyd’s underwriters: individuals.
  1. Miscellaneous
  2. Provisions which are not to apply.

Section 226 | Provisions which are not to apply.

From legislation.gov.uk

(1)RepealedF1

(2)RepealedF2

(3)No relevant contract (within the meaning of Part 7 of the Corporation Tax Act 2009 ) forming part of a premium trust fund of a corporate member shall be a derivative contract.F3F4

Notes

  1. F1

    S. 226(1) repealed (with effect as mentioned in s. 80(2) and Sch. 24 of the amending Act) by Finance Act 2002 (c. 23), ss. 80, 141, Sch. 24 para. 7(2), Sch. 40 Pt. 3(11)

  2. F2

    S. 226(2) repealed (with effect as mentioned in s. 79(3) and Sch. 23 of the amending Act) by Finance Act 2002 (c. 23), s. 141, Sch. 40 Pt. 3(10)

  3. F3

    S. 226(3) substituted (with effect as mentioned in s. 83(3)(4) of the amending Act) by Finance Act 2002 (c. 23), s. 83, Sch. 27 para. 16

  4. F4

    Words in s. 226(3) substituted (1.4.2009) (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 395 (with Sch. 2 Pts. 1, 2)

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