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.
