Double taxation relief: corporate members: Regulations: calculating the foreign tax pool: the amount of the pool
- PASFT is the pool of adjusted sums of foreign tax
- AASFT is the aggregate amount of adjusted sums of foreign tax (the sum of ASFT amounts from different territories)
- BFA is the amount of pool brought forward from the previous accounting period (see LLM7160).
Then PASFT = AASFT + BFA.
Thus the pool, PASFT, is formed by adding together the amounts of adjusted foreign tax forthe individual territories, as calculated at LLM7120, andadjusting for the amount brought forward.