Taxation (International and Other Provisions) Act 2010 section 17

Rule 9: credit in relation to dividends for spared tax

Section 17 deals with how unilateral credit relief applies to "spared tax" — that is, foreign tax that would have been payable but for a development-related tax relief — when dividends flow through an intermediate holding company before reaching a UK company.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.