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HMRC internal manual

International Manual

UK residents with foreign income or gains: double taxation relief: Computation of UK measure - tax spared

Where credit is given for `tax spared’, do not add the amount of the `tax spared’ to the income in computing the UK measure of the income (TIOPA10/S31(4) & S32(5)). This does not apply to `tax spared’ on certain foreign loan interest for which there are special rules (see INTM168120).