Part 2Employment income: charge to tax
F1Chapter 5ATaxable specific income: effect of remittance basis
41EForeign securities income: just and reasonable apportionment
(1)
This section applies if the proportion of the securities income that would otherwise be regarded as “foreign” is not, having regard to all the circumstances, one that is just and reasonable.
(2)
The amount of the securities income that is “foreign” is such amount as is just and reasonable (rather than the amount calculated in accordance with section 41C).