58 Calculation if dividend paid by non-resident company to resident company
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

58  Calculation if dividend paid by non-resident company to resident company

(1)     A calculation under this section (see section 57(2)(a)) is as follows—

Step 1
Calculate the amount of the foreign tax borne on the relevant profits by the company paying the dividend.

Step 2
Calculate how much of that amount is properly attributable to the proportion of the relevant profits represented by the dividend.

Step 3
Calculate the amount given by—

(D

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