# The Friendly Societies (Modifications of the Tax Acts) Regulations 2012, Regulation 4


Section 255 of CAA 2001 (apportionment of allowances and charges) 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 2012 (section 57: meaning of “tax exempt business”).”.

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Source: https://www.legislation.gov.uk/uksi/2012/3008/regulation/4 (the official version)
Page: https://openlegislation.uk/friendly-societies-modifications-of-the-tax-acts-regulations-2012/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.