Non – Allowable Deductions

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Article 26 of the Income Tax Act enlists the deductions which may not be deducted from chargeable income, such as:

• Domestic or private expenses other than alimony payments and school fees;
• Any outgoings and expenses to the extent of which they are not wholly and exclusively incurred in the production of the income, and not being necessarily incurred in the performance of the relative employment or office;
• Any loss, diminution, exhaustion or withdrawal of capital, any sum employed or intended to be employed as capital;
• The cost of any improvements;
• Any loss or expense recoverable under any insurance or contract of indemnity;
• Rent of any premises or part of premises not paid for the purpose of producing the income;
• Any ex gratia payments

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• Income Tax Charge
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• Income Tax Exemptions
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• Deductions
• Non – Allowable Deductions
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