allocation  


Calculate I-E profit or excess 


management expenses on 


BLAGAB business following steps 


in s73 


Detailed rules prescribed for calculating income and chargeable gains LAM02060 (summary); LAM03000 Income and Gains; LAM04000 Expenses 


Split I-E profit between shareholder's share and 


policyholders' share I-E profit split between policyholder share and shareholders share LAM06020 
 

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Apply loss relief and other offsets such as group relief Restriction on offsets: BLAGAB policyholder profit effectively ring fenced: Rules for offset against shareholder profits. See LAM04000 
Calculate shareholder and Total I-E profit split between 

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Companies determine a method of apportioning between BLAGAB and non-BLAGAB (where required): LAM05000