A company is not allowed to allocate set offs of interest payments against foreign income in such a way as merely served with double taxation relief to carry forward the maximum amount of loss.
Citations:
Times 20-Jan-1999
Statutes:
Income and Corporation Taxes Act 1988 338(1) 393(9) 797(3)
Jurisdiction:
England and Wales
Income Tax
Updated: 10 May 2022; Ref: scu.79297
