31 Calculation of income or gain where remittance basis does not apply
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Calculating income or gains in respect of which credit is allowed

31  Calculation of income or gain where remittance basis does not apply

(1)     Subsection (2) applies if—

(a)     under the arrangements, credit is to be allowed for foreign tax in respect of any income or gain, and

(b)     section 32(2) (cases where UK tax payable by reference to amount received in UK) does not apply.

(2)     In calculating the amount of the income or gain for the purposes of income tax, corporation tax or capital gains tax—

(a)

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