Section 40 — Income Tax Act 2007: Election for transfer of allowance under section 39

Election for transfer of allowance under section 39 40 1 An election under section 39—

a must be made not more than 4 years after the end of the tax year to which it relates, and b cannot be withdrawn.

2 If an individual makes an election for a tax year under section 39 the individual is treated as also giving notice under section 51(4) that section 51(1) (tax reductions for married couples and civil partners: transfer of unused relief) is to apply for the tax year.