SCHEDULES
SCHEDULE 16Foreign income dividends
Part IVOther provisions
Expenses of management
12
(1)
Section 75 of the Taxes Act 1988 (expenses of management: investment companies) shall be amended as follows.
(2)
In subsection (2) after “franked investment income,” there shall be inserted “foreign income dividends,”.
(3)
The following subsection shall be inserted after subsection (5)—
“(6)
In this section “foreign income dividends” shall be construed in accordance with Chapter VA of Part VI.”