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Legislation
Taxation (International and Other Provisions) Act 2010

Crossheading Cases in which credit not allowed

  • Section 25 Credit not allowed if relief allowed against overseas tax
  • Section 26 Credit not allowed under arrangements unless taxpayer is UK resident
  • Section 27 Credit not allowed if person elects against credit
  1. Cases in which credit not allowed
  2. Credit not allowed if person elects against credit

Section 27 | Credit not allowed if person elects against credit

From legislation.gov.uk

Credit under section 18(2) against income tax, corporation tax or capital gains tax charged on any income or chargeable gains of a person is not allowed if the person elects for credit not to be allowed in respect of that income or those gains.

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