Capital Allowances Act 2001
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98For section 255 substitute—
“255Apportionment of allowances and charges
(1)This section applies if the long-term business of the company consists of—
(a)basic life assurance and general annuity business, and
(b)non-BLAGAB long-term business.
(2)In that case—
(a)any allowance to which the company is entitled for a chargeable period in respect of a management asset, and
(b)any charge to which it is liable for a chargeable period in respect of a management asset,
must be apportioned between the businesses in accordance with Chapter 7 of Part 2 of FA 2012.”