Budget 1999: Lloyd's to gain in CGT change

Tuesday 09 March 1999 19:02 EST

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MEMBERS OF Lloyd's of London will benefit from changes aimed at cutting the complexity of capital gains tax (CGT) calculations.

The changes cut out red tape for members of "pooling arrangements" - vehicles which allow them to invest in a portfolio of Lloyd's syndicates.

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Budget 1999: Lloyd's to gain in CGT change

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