112 Excess allowances: connected persons
Capital Allowances Act 2001 (2001 c 2) | Legislation

112  Excess allowances: connected persons

(1)     Section 111 applies with the modifications in subsections (2) to (4) in a case in which—

(a)     the owner acquired the plant or machinery as a result of a transaction between connected persons (or a series of transactions each of which was between connected persons),

[(b)     the transaction was not effected (or, if more than one, none of the transactions was effected) on the occasion of a change in the persons carrying on the qualifying activity—

(i)     which falls within [Chapter 1 of Part 22 of CTA 2010 (transfers of trade] without change

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