Employment loss relief

ITEPA became effective on 6 April 2003. At that time, employment loss relief was provided by section 380 ICTA 1988, which also covered losses in any trade, profession or vocation. It was replaced in relation to employment loss relief by section 128 ITA 2007. There is no case law authority that considered how section 380 might operate in the context of employment. However, the point was briefly touched on in HMRC (previously Inland Revenue) published guidance, which stated:

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