[F1212BWhere Chapter appliesU.K.
(1)This Chapter applies where—
(a)C carries on [F2a qualifying activity (“the relevant activity”)] (whether or not in partnership with another person or other persons),
(b)there is a qualifying change in relation to C on any day (“the relevant day”),
(c)C, or (where the relevant [F3activity] is carried on in partnership) the partnership (“P”), has a relevant excess of allowances in relation to the relevant [F3activity], and
[F4(d)the qualifying change meets one of the limiting conditions.]
(2)Sections 212C to 212I specify when there is a qualifying change in relation to C on the relevant day.
(3)Sections 212J to 212L specify when C or P has a relevant excess of allowances in relation to the relevant [F5activity].
[F6(4)Sections 212LA and 212M set out the limiting conditions and specify when those conditions are met.]
(5)Sections 212N to 212S make provision about what happens when this Chapter applies.]
Textual Amendments
F1Pt. 2 Ch. 16A inserted (8.4.2010) (with effect in accordance with Sch. 4 para. 5, 6 to the amending Act) by Finance Act 2010 (c. 13), Sch. 4 para. 2
F2Words in s. 212B(1)(a) substituted (with effect in accordance with Sch. 26 para. 13 of the amending Act) by Finance Act 2013 (c. 29), Sch. 26 para. 5(2)(a)
F3Word in s. 212B(1)(c) substituted (with effect in accordance with Sch. 26 para. 13 of the amending Act) by Finance Act 2013 (c. 29), Sch. 26 para. 5(2)(b)
F4S. 212B(1)(d) substituted (with effect in accordance with Sch. 26 para. 13 of the amending Act) by Finance Act 2013 (c. 29), Sch. 26 para. 2(2)
F5Word in s. 212B(3) substituted (with effect in accordance with Sch. 26 para. 13 of the amending Act) by Finance Act 2013 (c. 29), Sch. 26 para. 5(3)
F6S. 212B(4) substituted (with effect in accordance with Sch. 26 para. 13 of the amending Act) by Finance Act 2013 (c. 29), Sch. 26 para. 2(3)