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23 Double Taxation Relief

Volume 463: debated on Wednesday 6 April 1949

The text on this page has been created from Hansard archive content, it may contain typographical errors.


"That subsection (4) of section fifty-two of the Finance (No. 2) Act, 1945 (which requires any balance of income tax deducted from annual payments payable out of dividends affected by double taxation relief to be assessed under Rule 21 of the General Rules and paid over to the Crown) shall have effect and be deemed always to have had effect as if, at the end of that subsection, there were added the following proviso—
provided that section nineteen of the Finance Act, 1928 (which enables the amount of an assessment under the said Rule 21 to be allowed in certain cases as a loss for certain purposes) shall not apply for the year 1949–50 or any subsequent year of assessment to any assessment made under the said Rule 21 by virtue of this subsection.'"