Capital Allowances Act 2001 section 212A

Scope of Chapter

Section 212A introduces a Chapter that restricts how capital allowances can be used when there has been a qualifying change affecting a company.

• This Chapter deals with restrictions on capital allowances following a qualifying change in relation to a company ("C")
• The restrictions limit the ways in which effect may be given to an allowance, rather than removing the allowance entirely
• The restrictions only apply in certain defined circumstances — not every change affecting a company will trigger them
• The concept of a "qualifying change" is central to the operation of this Chapter and is defined in subsequent sections