PART 2A

STRUCTURES AND BUILDINGS ALLOWANCES
CHAPTER 8

GIVING EFFECT TO ALLOWANCES

Long-term business

Apportionment of allowances
270HG
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.
S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
Pt. 2A inserted (5.7.2019) by The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087), regs. 1, 2
S. 270HG applied (with modifications) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), reg. 4A (as inserted (5.7.2019) by S.I. 2019/1087, regs. 1, 11)