# Capital Allowances Act 2001, Section 217: No annual investment allowance or first-year allowance for B’s expenditure

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

(1) If this section applies as a result of section 214, 215 or 216, no annual investment allowance or first-year allowance is to be made in respect of B’s expenditure under the relevant transaction.
(2) Any annual investment allowance or first-year allowance which is prohibited by subsection (1), but which has already been made, is to be withdrawn.
(3) This section does not apply if plant or machinery is the subject of a sale and finance leaseback (as defined in section 221).

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/217 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-217
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.