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.