F1PART 2ASTRUCTURES AND BUILDINGS ALLOWANCES

CHAPTER 8GIVING EFFECT TO ALLOWANCES

Long-term business

270HGApportionment of allowances

(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)

Any allowance under this Part to which the company is entitled 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.