Section 212B | Where Chapter applies ^F1

(1)This Chapter applies where—

(a)C carries on a qualifying activity (“the relevant activity”) (whether or not in partnership with another person or other persons),^F2

(b)there is a qualifying change in relation to C on any day (“the relevant day”),

(c)C, or (where the relevant activity is carried on in partnership) the partnership (“P”), has a relevant excess of allowances in relation to the relevant activity, and^F3

(d)the qualifying change meets one of the limiting conditions.^F4

(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 activity.^F5

(4)Sections 212LA and 212M set out the limiting conditions and specify when those conditions are met.^F6

(5)Sections 212N to 212S make provision about what happens when this Chapter applies.