On-shore pooling is here - have you got your armbands?
|Category|| Technical Articles
Article by Steve Singleton, who is in charge of tax courses for Financial Training in Manchester.
This article appeared in the Education supplement to the August 2003 issue of Tax Adviser.
Finance Acts 2000 and 2001 introduced a now infamous new regime for dealing with surplus tax suffered on overseas dividend income.
This article review the basics of the new rules to ensure that candidates are able to deal with a discussion of pooling together with a 'simple' calculation. Anything more complex is unlikely to be seen by general practice candidates. Corporate route students should be aware that they will be expected to cover more detail than shown here.
To download the article in Adobe (pdf) format, please click on the link below.
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August 2003 by