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Double tax relief on gains

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See Also

Chargeable gains summary


Select from the following headings:

Background | Developing the schedule | Completing the Schedule | Standard Sub-Schedules | Carry Forward | Related Errors


Background

This schedule should be developed where any foreign tax arises on gains which is not set off by way of deduction relief (TCGA 1992 s 278). Where a standard schedule has been used to calculate the relevant gain, the foreign tax should be entered in the Foreign tax paid data entry cell on the computation schedule, and the foreign tax relief calculation will be made automatically on this schedule.

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Developing the schedule

The schedule is developed from the E schedule.

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Completing the schedule

Where a gain has been entered directly onto the Chargeable gains summary schedule, or is calculated on a non standard schedule linked to the summary schedule, this gain must also be entered on the Double tax relief on gains schedule, together with the foreign tax suffered. The software will then calculate the double tax relief available.

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Standard sub-schedules

This schedule has no standard supporting schedules.

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Carry forward

This schedule does not carry forward.

 

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Related errors

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