Commentary

C1.616 Double taxation agreements

Capital gains tax
Capital gains tax | Commentary

C1.616 Double taxation agreements

Capital gains tax | Commentary

C1.616 Double taxation agreements

There are general provisions relating to the making of arrangements with governments of territories outside the UK for avoiding double taxation1 (see E6.410). The purpose of a double taxation agreement is primarily to avoid the incidence of double taxation by limiting the taxing rights of each contracting state. Where double taxation remains, the agreement provides relief which, in the case of UK residents, invariably takes the form of a credit for the foreign tax against the UK tax on the profits or gains concerned.

The provisions of articles dealing with capital gains vary from agreement to agreement

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