SE13730 - Termination payments and benefits: Section 148 ICTA 1988: Double Taxation: tax credit relief

If a taxpayer is entitled to tax credit relief it will reduce the amount of tax payable on his total income for the purpose of calculating his marginal rate (see DT1120).

Submit any claim for tax credit relief that relates to overseas tax suffered on a payment chargeable under Section 148 ICTA 1988 to International Division (Double Taxation).

Include a computation of the liability after giving any exemption and relief provided by Section 148 ICTA 1988 and Schedule 11 ICTA 1988 (see SE13500) but before calculating any tax credit relief.