# Capital Allowances Act 2001, Section 255: Apportionment of allowances and charges

Extent: E+W+S+N.I.

(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) In that case—
(a) any allowance to which the company is entitled for a chargeable period in respect of a management asset, and
(b) any charge to which it is liable 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.

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/255 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-255
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.