Anon Anon
posted a year ago
In Germany there are general more expenses allowed to reduce your taxable income, e.g. property depreciation. When looking at the DTT between UK and Germany, it says "German tax shall be allowed as a credit against any United Kingdom tax computed by reference to the same profits, income or chargeable gains by reference to which the German tax is computed". Does this refer to the taxable income as calculated in Germany (e.g. with all the deductions valid in Germany) or does this refer to the higher taxable income that would occur if the property were located in the UK?
