4A

Section 270HG of CAA 2001 (structures and buildings allowances: apportionment of allowances) applies as if for subsection (1) there were substituted—

1

This section applies if the long-term business of the company consists of two or more of—

a

basic life assurance and general annuity business,

b

non-BLAGAB long-term business, or

c

tax exempt business.

1A

In subsection (1)(c) “tax exempt business” has the same meaning as in section 57A of FA 201243 (section 57: meaning of “tax exempt business”).