Order items for Foreign Tax Credit Relief in Personal Tax

Personal, Business and Trust Tax bases the ordering of Foreign Tax Credit Relief based on the ratio of the gross amount of the foreign item to the maximum foreign tax rate on that item. The computation selects the highest ratio first. The Foreign Tax Credit Relief backing schedule shows the order (from top to bottom) in which Personal, Business and Trust Tax has given Foreign Tax Credit Relief.

In the majority of cases, this is likely to result in the most beneficial ordering, but occasionally it may not produce the best outcome. To manually change the auto ordering complete the following: