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HMRC internal manual

Business Income Manual

From
HM Revenue & Customs
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Specific deductions: overseas taxes: particular countries

Subject to the basic considerations mentioned in BIM45901, a deduction may be given for the following taxes without further enquiry:

ARGENTINA

Substitute tax to the tax on free transmission of property (impuesto substituvito del gravamen a la transmission gratuita de bienes), real property tax (contribution immobilaria)

 

AUSTRIA

Capital tax (Vermogensteuer), substitute inheritance tax (Erbschaftssteuer) equivalent tax on capital employed (Gewerbekapital)

 

BRAZIL

Guanabara - industrial and professional tax, Recife localisation - licence tax

 

CANADA

Ontario places of business tax, Quebec places of business tax

 

COLOMBIA

Capital tax (impuesto sobre el patrimonio)

 

EL SALVADOR

Highways tax (tax under the ley de vialidad)

 

FRANCE

Tax on reserves (versement special de 2% sur les reserves)

 

GERMANY

Capital tax (Vermogensteuer), tax on capital employed (Gewerbekapital)

 

INDIA

Wealth tax

 

SPAIN

Tax on negotiable securities (impuesto sobre emision y negociacion o transmission de valores mobiliarios, also known as timbre de negociacion), minimum profit quota (cuota minima de capital)

 

SWITZERLAND

The capital element in federal, cantonal and communal taxes

 

URUGUAY

Capital tax (impuesto al patrimonio)