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HMRC internal manual

Double Taxation Relief Manual

Double Taxation Relief Manual: Guidance by country: Australia: Credit relief

The following Australian taxes are admissible for credit in the UK under the agreement:

  • Income tax (including the additional tax on the undistributed amount of the distributable income of a private company).
  • Fringe benefits tax from 1st April 2004. (See DT2659A).
  • Petroleum resource rent tax (PRRT) from 1st July 2004.

The following Australian taxes are admissible for credit under unilateral relief:

  • Victorian taxation equivalent, to the extent that it is calculated by reference to Australian (that is, federal) income tax.

Inadmissible

  • Fringe benefits tax up to 30th June 2004. (See DT2659A).
  • Petroleum resource rent tax (PRRT) up to 31st March 2004.
  • Financial institutions duty (New South Wales).
  • New South Wales land tax.