Corporation Tax Act 2009 section 961A

Meaning of "the relevant tax year"

Section 961A defines the term "the relevant tax year" as used in the relief provisions for corporate beneficiaries of estates in administration where those estates have borne UK income tax.

• The term "the relevant tax year" is used in sections 960 and 961, which provide relief for UK income tax borne by foreign estates in administration
• It means the tax year in which the estate income would have arisen if the rules operated by reference to tax years rather than corporation tax accounting periods
• The definition requires you to disregard the apportionment rule in section 950(3), which normally splits estate income across accounting periods
• This ensures the relief is matched to the correct tax year in which the underlying UK income tax was charged on the estate