18‑1 What this Subdivision is about18‑1 What this Subdivision is about

#### 18‑1 What this Subdivision is about In general, an entity: • that receives a withholding payment (except one covered by section 12‑215, 12‑250 or 12‑285, Subdivision 12‑FC, or subsection 12‑390(4)); or • that is the foreign resident for which a withholding payment covered by section 12‑215, 12‑250 or 12‑285, Subdivision 12‑FC, or subsection 12‑390(4), (or a part of it) is received; is entitled to a credit for the amount withheld from the withholding payment. However, if that entity is a partnership or trust, a partner, beneficiary or trustee may be entitled to the credit. This Subdivision tells you: • who is entitled to a credit; and • how to work out the amount of the credit. How a credit is applied is set out in Division 3 of Part IIB.