LLM4000 - Corporate members: contents

This section of the Lloyd바카라 사이트™s Manual explains the accounting treatment and tax rules for limited liability companies that are corporate members of Lloyd바카라 사이트™s. Under Lloyd바카라 사이트™s rules, the term 바카라 사이트˜corporate member바카라 사이트™ actually applies to all forms of limited liability vehicles at Lloyd바카라 사이트™s. These vehicles include 바카라 사이트˜Namecos바카라 사이트™, Scottish limited partnerships (바카라 사이트˜SLPs바카라 사이트™), Limited Liability Partnerships (바카라 사이트˜LLPs바카라 사이트™) and other means by which individual members have 바카라 사이트˜converted바카라 사이트™ to forms of limited liability underwriting. LLM6000+ deals with such 바카라 사이트˜conversion바카라 사이트™ vehicles in more detail. In this Chapter 바카라 사이트˜corporate member바카라 사이트™ is used in the more restricted sense, excluding partnerships.

The material in this section covers the following main areas

  • the background to and the accounting rules for corporate members
  • the specific legislation in Chapter 5 of Part 4 of Finance Act 1994 on the computation and assessment of profits and losses from underwriting at Lloyd바카라 사이트™s by companies
  • the application of the rules on intangible fixed assets to syndicate capacity.

See LLM7000+ for the rules on Double Taxation Relief for corporate members.

  1. LLM4010
    Corporate members: background
  2. LLM4020
    Corporate members: accounts: introduction
  3. LLM4030
    Corporate members: accounts: the technical account
  4. LLM4040
    Corporate members: accounts: the non-technical account
  5. LLM4050
    Corporate members: taxation: general rules
  6. LLM4060
    Corporate members: syndicate profits: the declarations basis
  7. LLM4070
    Corporate members: syndicate profits: the declarations basis: non-calendar year accounting periods
  8. LLM4080
    Corporate members: syndicate profits: the declarations basis: the tax computation
  9. LLM4090
    Corporate members: taxation of premium trust fund (PTF) income and gains
  10. LLM4100
    Corporate members: taxation of premium trust fund (PTF) income and gains: the declarations basis
  11. LLM4110
    Corporate members: taxation of ancillary trust fund (ATF) income and gains
  12. LLM4120
    Corporate members: taxation of assets employed in connection with underwriting
  13. LLM4130
    Corporate members: profits not charged under Case I
  14. LLM4140
    Corporate members: tax treatment of expenses
  15. LLM4150
    Corporate members: stop loss contracts
  16. LLM4155
    Corporate members: stop-loss contracts
  17. LLM4160
    Corporate members: quota share contracts
  18. LLM4170
    Corporate members: syndicate capacity
  19. LLM4180
    Corporate members: syndicate capacity: accounting periods ending before 1 April 2002
  20. LLM4190
    Corporate members: syndicate capacity: accounting periods ending on or after 1 April 2002: general
  21. LLM4200
    Corporate members: syndicate capacity: accounting periods ending on or after 1 April 2002: examples
  22. LLM4210
    Corporate members: syndicate capacity: accounting periods ending on or after 1 April 2002: paragraph 10 elections
  23. LLM4220
    Corporate members: syndicate capacity: accounting periods ending on or after 1 April 2002: International Accounting Standards
  24. LLM4230
    Corporate members: cessation of underwriting business
  25. LLM4240
    Corporate members: transfers of business
  26. LLM4250
    Corporate members: investment trusts