D7.478 Capital allowances and life insurance companies
A life insurance company may claim capital allowances in respect of two different classes of asset:
- Ìý
•ÌýÌýÌýÌý management assets, which are defined as those assets provided for use, or used, for the management of long-term business of the company1, and
- Ìý
•ÌýÌýÌýÌý investment assets which are defined by exception as those assets held by a life insurance company that are not management assets2
Except as set out below, the general rules on capital allowances and balancing charges apply equally to the two different classes of assets.
Management assets apportioned between the company's BLAGAB and non-BLAGAB
Capital
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Web page updated on 17 Mar 2025 14:32