Section 1033 — Corporation Tax Act 2009: Relief available on occurrence of chargeable event

Relief available on occurrence of chargeable event 1033 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. 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .