32 Calculation of amount received where UK tax charged on remittance basis
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

32  Calculation of amount received where UK tax charged on remittance basis

(1)     Subsection (2) applies if—

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

(b)     income tax or capital gains tax is payable by reference to the amount received in the United Kingdom.

(2)     For the purposes of whichever of income tax and capital gains tax is payable as mentioned in subsection (1)(b), the amount received is to be treated as increased—

(a)     by the amount of the

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