INTM161280 | UK residents with foreign income or gains: double taxation relief: Computation of UK measure - tax spared

Where credit is given for tax spared', do not add the amount of the tax spared’ to the income in computing the UK measure of the income (TIOPA10/S31(4) & S32(5)). This does not apply to `tax spared’ on certain foreign loan interest for which there are special rules (see INTM168120).