905 Pre-FA 2002 assets: Lloyd's syndicate capacity
Corporation Tax Act 2009 (2009 c 4) | Legislation

905  Pre-FA 2002 assets: Lloyd's syndicate capacity

(1)     The general rule in section 882 (this Part not to apply to pre-FA 2002 assets) does not apply if the intangible fixed asset consists of the rights of a member of Lloyd's under a syndicate within the meaning of Chapter 5 of Part 4 of FA 1994 (taxation of corporate members of Lloyd's).

(2)     This Part applies in relation to the asset as respects amounts to be brought into account

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