Section 1025B | Application of Chapter where original relief a consequence of section 1007A, 1015A or 1015B

(1)This section applies if the original relief is available under—

(a)Chapter 2 as a consequence of section 1007A, or

(b)Chapter 3 as a consequence of section 1015A or 1015B.

(2)If the original relief is available as a consequence of section 1007A or 1015B, subsection (2) of the section concerned applies for the purposes of this Chapter.

(3)If, in relation to a chargeable event, the amount of relief available would otherwise be more than the total amount of employment income of the employee charged to tax under ITEPA 2003, the amount of relief is (notwithstanding any other provision of this Chapter) limited to the total amount of that income so charged.

(4)If relief is available to more than one company as a result of the same chargeable event, relief may only be given to one of them in respect of that event.

(5)No relief is available as a result of the employee's death.