108. Restrictions on allowance buying.

Provision is made1 for restrictions on the ways in which effect may be given to plant and machinery allowances2 in certain circumstances where there has been a qualifying change in relation to a company ('C')3. The restrictions apply where:

  1.  

    (1)     C carries on a qualifying activity ('the relevant activity') (whether or not in partnership with another person or other persons);

  2.  

    (2)     there is a qualifying change4 in relation to C on any day ('the relevant day');

  3.  

    (3)     C, or (where the relevant activity is carried on in partnership) the partnership ('P'), has a relevant excess of allowances5 in relation