If this section applies as a result of section 214, 215 or 216, a first-year allowance is not to be made in respect of B’s expenditure under the relevant transaction.

Any first-year allowance which is prohibited by subsection (1), but which has already been made, is to be withdrawn.

If plant or machinery is the subject of a sale and finance leaseback (as defined in section 221) section 223 applies instead of this section.