32(1)Sub-paragraph (2) applies if—
(a)an initial allowance has been made under Part 3 of CAA 2001 in respect of qualifying enterprise zone expenditure, and
(b)an event occurs in relation to the building on which the expenditure was incurred which, if section 307 of that Act (withdrawal of allowance if building not industrial building when first used etc) remained in force, would result in the allowance being withdrawn.
(2)Unless the event occurs more than 7 years after the end of the chargeable period for which the allowance was made, the allowance is to be withdrawn as if that section remained in force.