SCHEDULES
SCHEDULE 9Transitionals and savings etc
Part 3Double taxation relief
Unilateral relief for underlying tax on dividends
14
1
Condition C in section 15 (credit for underlying tax on dividend paid to sub-10% associate) is not met if the reduction below the 10% limit took place before 1 April 1972.
2
Condition C in section 16 (credit for underlying tax on dividend paid by exchanged associate) is not met if the exchange took place before 1 April 1972.