double taxation relief
A relief to avoid tax distorting commercial decisions relating to the expansion of business overseas. Its main purpose is to ensure that UK companies do not suffer double taxation on foreign investments such as shares in foreign subsidiaries. This principle is provided for under the terms of double taxation treaties (double taxation treaty) or under UK legislation which provides relief from double tax where there is no double tax treaty with the relevant country.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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