1033Relief available on occurrence of chargeable eventU.K.
(1)This section applies in relation to relief available as a result of the occurrence of a chargeable event.
(2)The relief is given for the accounting period in which the chargeable event occurs.
(3)The amount of relief is equal to the amount that counts as employment income of the employee under section 438 of ITEPA 2003 in relation to the chargeable event.
(4)For the purposes of subsection (3) the following are to be ignored—
(a)any relief under section 442A of ITEPA 2003, and
(b)sections 446G and 446H of ITEPA 2003.
F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1S. 1033(5) omitted (with effect in accordance with s. 12(5)-(7) of the amending Act) by virtue of Finance Act 2017 (c. 10), s. 12(4)(f)