Chancery Division.

Hoffmann J.

Judgment delivered 14 June 1989.

Double tax relief – Foreign tax paid on trading income – Company’s worldwide liability under Sch. D, Case I in relevant period was nil while having taxable profits on non-trading income – Whether credit for foreign tax could be set against UK tax on non-trading profits – Income and Corporation Taxes Act 1970, sec. 498(3) 501(1) (now Income and Corporation Taxes Act 1988, sec. 790(4), sec. 793(1)).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.