Foreign tax relief credit

I am trying to calculate my foreign tax relief from an EEA furnished holiday let. I paid tax on my total income in the country of origin at 19%. There are additional allowable deductions in the UK before paying tax of 20%. If my income was £5000 and I paid (19%)£950 foreign tax. Then in the UK I was able to claim £1500 deductibles and owe (20%) on £3500 taxable profit or £700 UK tax, would I be able to claim back the full £700 UK tax from the £950 tax paid abroad?

Hi,
The answer to your question is yes you can.
Thankyou.

If I was filing a worldwide disclosure and the question was ‘how much offshore income did you not tell HMRC about?’ Would this be the total income or the taxable income after allowable deductions?

Hi Olive,
You would need to contact the number on the form for clarificatoin on this.
Thank you.