Introductory

1 Chapter 16A of Part 2 of CAA 2001 (avoidance involving allowance buying) is amended as follows.

Restrictions where certain conditions met

2 (1) Section 212B (circumstances where Chapter 16A applies) is amended as follows.

(2) For subsection (1)(d) substitute—

“(d) the qualifying change meets one of the limiting conditions.”

(3) For subsection (4) substitute—

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

3 After section 212L insert—