Commentary on Sections Overview Overview Section 1026: Relief available on occurrence of chargeable event
2665.This section gives the relief available if there is a chargeable event as defined in section 427(3) of ITEPA. It is based on paragraphs 21 and 22 of Schedule 23 to FA 2003.
2666.Various reliefs are available in calculating the amount that counts as employment income but these reliefs are not deducted from the relief given to the company (see subsection (4)).