# Income Tax (Trading and Other Income) Act 2005, Section 838: Expenses attributable to collection or payment of relevant foreign income


(1) In calculating the amount of relevant foreign income to be charged to income tax for a tax year, a deduction is allowed for expenses incurred outside the United Kingdom that are attributable to the collection or payment of the income.
(2) Subsection (1) does not apply to income charged for the tax year in accordance with section 832 (relevant foreign income charged on the remittance basis).

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/838 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-838
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.