Section 212J | Relevant excess of allowances ^F1

(1)C or P has a relevant excess of allowances in relation to the relevant activity if—^F1F2

(2)Section 212K defines RTWDV and section 212L defines BSV.^F1

(3)References in this Chapter to plant and machinery do not include excluded plant and machinery.^F1

(4)Plant and machinery is “excluded plant and machinery” if—^F1

(a)expenditure incurred on the provision of it is not, as a result of section 34A, qualifying expenditure for the purposes of this Part, or^F1

(b)it is, as a result of section 67, treated for the purposes of this Part as owned otherwise than by C or P.^F1