C1C5C4C3C6C7C8C9C10Part 2 Plant and machinery allowances
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 4 para. 4 ; S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37
Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24
Pt. 2 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 73(7)-(11) (with s. 73(6))
F1Chapter 16AF5Restrictions on allowance buying
Pt. 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
Pt. 2 Ch. 16A heading substituted (with effect in accordance with Sch. 26 para. 13 of the amending Act) by Finance Act 2013 (c. 29), Sch. 26 para. 4
Qualifying change
212CWhen there is qualifying change in relation to C
1
There is a qualifying change in relation to C on the relevant day if one or more of conditions A to D is met.
2
Condition A is that—
a
the principal company or companies of C at the beginning of the relevant day is not, or are not, the same as at the end of that day, or
b
there is no principal company of C at the beginning of the relevant day but there is one, or are more than one, at the end of the relevant day.
3
Condition B is that—
a
any principal company of C is a consortium principal company (“CPC”), and
b
CPC's ownership proportion at the end of the relevant day is more than at the beginning of the relevant day.
4
Condition C is that F2the relevant activity is a trade (within the meaning of this Part) and on the relevant day—
a
C ceases to carry on the whole or part of the relevant F3activity, and
b
it begins to be carried on in partnership by two or more companies,
in circumstances in which Chapter 1 of Part 22 of CTA 2010 (transfers of trade without change of ownership) applies in relation to the transfer of the relevant F3activity.
5
Condition D is that—
a
the relevant F4activity is, at the beginning of the relevant day, carried on by C in partnership, and
b
C's relevant percentage share in the relevant F4activity at the end of the relevant day is less than at the beginning of the relevant day (or is nil).
Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)