C1C2Part 2Double taxation relief
Annotations:
Modifications etc. (not altering text)
C2
Pt. 2 applied by 2010 c. 4, s. 269DL(6) (as inserted (with effect in accordance with Sch. 3 Pt. 3 of the amending Act) by Finance (No. 2) Act 2015 (c. 33), Sch. 3 para. 1)
C2CHAPTER 2Double taxation relief by way of credit
Cases in which credit not allowed
25Credit not allowed if relief allowed against overseas tax
1
Subsection (2) applies if relief may be allowed—
a
under the arrangements, or
b
under the law of the non-UK territory in consequence of the arrangements,
in respect of an amount of tax that would, but for the relief, be payable under the law of that territory.
2
Credit under section 18(2) is not allowed in respect of that tax, whether or not the relief has been used.
Pt. 2 modified by 1988 c. 1, Sch. 19ABA paras. 26-28 (as inserted (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 34(3) (with Sch. 9 paras. 1-9, 22))