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HMRC internal manual

Lloyd's Manual

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).


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.