# Capital Allowances Act 2001, Section 212J: Relevant excess of allowances

Extent: E+W+S+N.I.

(1) C or P has a relevant excess of allowances in relation to the relevant activity if—
RTWDV>BSV
(2) Section 212K defines RTWDV and section 212L defines BSV.
(3) References in this Chapter to plant and machinery do not include excluded plant and machinery.
(4) Plant and machinery is “excluded plant and machinery” if—
(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
(b) it is, as a result of section 67, treated for the purposes of this Part as owned otherwise than by C or P.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/212J (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-212J
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.