# Capital Allowances Act 2001, Section 262: Employments and offices

Extent: E+W+S+N.I.

If the qualifying activity of a person who is entitled or liable to an allowance or charge for a chargeable period is an employment or office, the allowance or charge is to be given effect, by treating—
(a) the allowance as a deduction from the taxable earnings from the employment or office, and
(b) the charge as earnings of the employment or office.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/262 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-262
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.