7(1)In subsection (1) of section 43 (cases where section applies), for “This section” there shall be substituted “Subsections (2) and (3) below”.
(2)After subsection (3) of that section there shall be inserted the following subsection—
“(4)Section 22(6A)(a) shall not prevent a first-year allowance being made in respect of expenditure incurred by any person on the provision of machinery or plant for leasing where it appears that—
(a)the machinery or plant will be leased as mentioned in subsection (1) above; and
(b)the circumstances are such that subsection (2) above will require the whole or any part of the expenditure to be treated as not falling within section 42(1);
and any first-year allowance made by virtue of this subsection in respect of that expenditure shall be made on the same assumptions and subject to the same apportionments (if any) as it appears would, by virtue of subsection (3) above, be applicable in the case of a writing-down allowance.”