Capital Allowances Act 2001 section 270HI

Supplementary

Section 270HI confirms that the special rules for giving effect to structures and buildings allowances for insurance companies carrying on long-term business must be followed exclusively, while preserving the ability to use those allowances in certain related tax calculations.

• Where sections 270HG and 270HH apply, the allowance must be given effect solely in accordance with those sections — no alternative method is permitted
• This exclusive treatment does not prevent the allowance from being included in the minimum profits test under section 93(5) of Finance Act 2012
• The allowance may also be taken into account when determining the policyholders' share of I-E profit under section 103 of Finance Act 2012
• The section acts as a safeguard ensuring the apportionment and giving-effect rules for long-term insurance business are applied consistently without being overridden by other provisions