LLM7130 - Double taxation relief: corporate members: Regulations: calculating the foreign tax pool: the amount of the pool

Where

• PASFT is the pool of adjusted sums of foreign tax
• AASFT is the aggregate amount of adjusted sums of foreign tax (the sum of ASFT amounts from different territories)
• BFA is the amount of pool brought forward from the previous accounting period (see LLM7160).

Then PASFT = AASFT + BFA.

Thus the pool, PASFT, is formed by adding together the amounts of adjusted foreign tax for the individual territories, as calculated at LLM7120, and adjusting for the amount brought forward.