DT6921 - DT: Falkland Islands: double taxation agreement, Article 23: Limitation of relief

(1) Where under any provision of this Arrangement any income is relieved from tax in a territory and under the laws in force in the other territory a person, in respect of that income, is subject to tax in that other territory by reference to the amount thereof which is remitted to or received in that other territory and not by reference to the full amount thereof, the relief to be allowed under this Arrangement shall apply only to so much of the income as is taxed in the other territory.

(2) Where under Paragraph 13 of this Arrangement gains may only be taxed in one of the territories and under the law in force in that territory a person is subject to tax in respect of those gains by reference to the amount thereof which is received in that territory and not by reference to the full amount thereof, that Paragraph shall apply only to so much of the gains as are taxed in that territory.