{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-255",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-255.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/255",
  "kind": "section",
  "number": "255",
  "heading": "Apportionment of allowances and charges",
  "text": "(1) This section applies if the long-term business of the company consists of—\n(a) basic life assurance and general annuity business, and\n(b) non-BLAGAB long-term business.\n(2) In that case—\n(a) any allowance to which the company is entitled for a chargeable period in respect of a management asset, and\n(b) any charge to which it is liable for a chargeable period in respect of a management asset,\nmust be apportioned between the businesses in accordance with Chapter 7 of Part 2 of FA 2012.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 255 substituted (17.7.2012) by Finance Act 2012 (c. 14), Sch. 16 para. 98"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 255 modified (31.12.2012) by The Friendly Societies (Modifications of the Tax Acts) Regulations 2012 (S.I. 2012/3008), regs. 1(1), 4 (with regs. 1(2), 2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/255",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}