Exemption for underwriting members of Lloyd's

Warning:

This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

End of attention

If you are an underwriting member of Lloyd's and have an interest in assets that form part of a Lloyd's Premiums Trust Fund, you are exempt from taxation for FIF income from that interest. Funds that qualify as Premiums Trust Funds are referred to in section 83 of the Insurance Companies Act 1982 (UK). [section 527]