# Capital Allowances Act 2001, Section 270HG: Apportionment of allowances

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) 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.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/270HG (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-270HG
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.