Tax and Financial Planning for Lloyd's Members

This report gives guidance, particularly for professional advisors and their Lloyd's Names, on tax and finance. The emphasis of the report is to provide an authoritative reference for financial planning, outlining the various investment schemes available. Fully updated, this second edition covers the recent developments that have occurred to membership requirements, contractual relationships, tax treatment, accounting rules and special reserve fund. Concentrating on UK names, the report examines the developments to the new tax regime and accounting rules for members. All aspects are covered from underwriting profits and capital appreciation to inheritance tax and cessation of membership. Essentially practical, it contains worked examples, specimen letters, account statements and precedents.