9 Rule 1: the unilateral entitlement to credit for non-UK tax
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

9  Rule 1: the unilateral entitlement to credit for non-UK tax

(1)     Credit for tax—

(a)     paid under the law of the territory,

(b)     calculated by reference to income arising, or any chargeable gain accruing, in the territory, and

(c)     corresponding to UK tax,

is to be allowed against any income tax or corporation tax calculated by reference to that income or gain.

(2)     Credit for tax—

(a)

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