SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Income Tax (Trading and Other Income) Act 2005 (c. 5)
562
In section 677 (relief where UK income tax borne by foreign estate: absolute interests) after subsection (2) insert—
3
The tax reduction under this section is given effect at Step 6 of the calculation in section 23 of ITA 2007.