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) C carries on a qualifying activity ('the relevant activity') (whether or not in partnership with another person or other persons);
(2) there is a qualifying change4 in relation to C on any day ('the relevant day');
(3) C, or (where the relevant activity is carried on in partnership) the partnership ('P'), has a relevant excess of allowances5 in relation
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234