If one person ('B') enters into a transaction with another person ('S') which is a relevant transaction1, and an annual investment allowance or a first-year allowance2 in respect of B's expenditure under the relevant transaction is prohibited3, neither an annual investment allowance nor a first-year allowance may be made in respect of any additional VAT liability4 incurred by B in respect of that expenditure, and any such allowance already given must be withdrawn5.
If the statutory provisions restricting B's qualifying expenditure in the case of a sale and leaseback6 would otherwise apply, and an additional VAT liability has been incurred
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