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  • Exemption for an interest in a premium trust fund by an underwriting member of Lloyd's



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

    Last modified: 04 Feb 2010QC 21777