Related Commentary  Related HMRC Manuals

9(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.

9(2)  Credit for tax–

(a)paid under the law of the territory,

(b)calculated by reference to any capital gain accruing in the territory, and

(c)corresponding to UK tax,

is to be allowed against any capital gains tax calculated by reference to that gain.

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