40Election for transfer of allowance under section 39U.K.
This section has no associated Explanatory Notes
(1)An election under section 39—
(a)must be made [F1not 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(b)cannot be withdrawn.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.
Textual Amendments
F1Words in s. 40(1)(a) substituted (1.4.2010) by Finance Act 2008 (c. 9), s. 118(2), Sch. 39 para. 55; S.I. 2009/403, art. 2(2) (with art. 10)