124. Exclusion of double allowances.

If an allowance is made under any Part of the Capital Allowances Act 2001 to any person in respect of capital expenditure1, no allowance is to be made to him under any other Part in respect of:


    (1)     that expenditure; or


    (2)     the provision of any asset to which that expenditure related2.

If under the provisions relating to plant and machinery allowances any capital expenditure has been allocated to a pool3, and an allowance or charge has been made to or on any person in respect of the pool, then the person to or on whom the allowance or charge