[212P Effect of excess of allowances on pools]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[212P  Effect of excess of allowances on pools]

[(1)     The unrelieved qualifying expenditure in each relevant pool is to be taken to be reduced at the beginning of the new period by the amount of the excess of allowances in relation to the pool.

(2)     The amount of the excess of allowances is to be treated from the beginning of the new period as if it were qualifying expenditure in a new pool of the same description as the relevant pool (and so subject to the same provisions of this Part, other than this Chapter).

(3)     Where, following the qualifying change, a person ceases to carry on [a qualifying activity (or part of a qualifying activity)] and C begins to carry on (whether or not in partnership) [that

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