PART 2Insurance companies carrying on long-term business
CHAPTER 4Apportionment rules for I - E charge
Introduction
97Application of Chapter
1
This Chapter applies in the case of an insurance company that carries on—
a
basic life assurance and general annuity business, and
b
other business.
2
This Chapter contains rules for determining for the purposes of Chapter 3—
a
the credits or other income, the debits or other losses and the expenses that are referable to the company’s basic life assurance and general annuity business, and
b
the chargeable gains and allowable losses accruing on the disposal of assets (or parts of assets) that are referable to the company’s basic life assurance and general annuity business.