Tax credits and other credits - Underlying foreign tax credits (UFTC)
LL 5: Meaning of foreign dividend company net earnings
You could also call this:
“Definition of foreign dividend company earnings removed from law”
This section of the law used to explain what ‘foreign dividend company net earnings’ means. It was part of the rules about tax credits and other credits in the Income Tax Act 2007. However, this part of the law no longer exists. It was removed on 30 June 2009. This means that the rules about foreign dividend company net earnings have changed, and you would need to look at other parts of the law to understand the current rules about this topic.
LL 6: Foreign dividend company lower tier UFTCs, or
“Removed rule about tax credits for certain foreign dividends”
Part L
Tax credits and other credits
Underlying foreign tax credits (UFTC)
LL 5Meaning of foreign dividend company net earnings (Repealed)
Notes
Section LL 5: repealed (with effect on 30 June 2009), on , by section 343(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
