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PTP TR - Calculation of Foreign Tax Credit Relief (FTCR)

Article ID
kba-03651
Article Name
PTP TR - Calculation of Foreign Tax Credit Relief (FTCR)
Created Date
6th November 2018
Product
Problem
Calculation of Foreign Tax Credit Relief (FTCR)
Resolution

PTP calculates the Foreign Tax Credit Relief automatically depending on the income on the return. The software deals with the items of foreign income in order of the rates of foreign tax, highest first, as this usually gives the best answer. However there are instances where this does not give the most beneficial answer. If you do not agree with the amount, you can edit the amount in box 2 on page 1 of the Foreign pages using the override facility.   

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