s 255 Apportionment of allowances and charges
(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.