~uo:Uoa~peDIH ID l~oIl_,,"' '''.rt)') RWts, I99J

L.N. 100 cl 1993

INCOME TAX ACf

(CAP. 123)

~uo:Uoa~peDIH ID l~oIl_,,"' '''.rt)') RWts, I99J

IN exercise of tI'Ie powers confe~ by subsection (2) of section t3

and by section 94 of Ihe Income Tax Aa , the Min iste r of Finance h~d

made the following N lc:s:-

I . These rules may bea led as the Deduction (ExpellX5 in respect

- -. of Immonble Property) Rules, 1993, and mall come into foroe upoI1

their publication in the Gazelle in respect of the year of ,·_-menl

oommencing on the hI January, 1994 and of subsequent years of

asseument .

l . The deductions allowable annually under subsoction (I) of

section IJ of the A ct, in respect of il"lCOfM chargeable 10 tax under

paragraph (f) of subsection (\) o(section 5 orthe Aa , mall , whcre 5llCh

income i$ il!OOl'tle arising from immovable property, be the total of -

(a) the amount of inlere31 aUowable under paragraph <a) of

subsectioll (I) of the said section 13;

any rent , ground rent o r similar burden payable

(b)

(c) where applicable, the Licence fee paid for the purposes of

the Guest Houses and Holiday Fumished Premise! Ad; and

(d) a fu~r amount equivalent 10 twen ty peroent of the ll~t

income rcmaining after deducting from the total of thc inoome in

question the upenditure referred to in paragraphs (b) and (c) of

lhil role, so howevcr that no sueb deduction shall be allowed in

rapect of income lming from any e mph)'lcutical ooncasion.

I~.

l . It-tnaqqi$ Ii jinghall t ull sea talll is-subartikoh. (1) ta' ,- T ......

artiIr.olu IJ ta ' I-AIt , dwar ~s ... Uell Jb.a1-IUlII skood il-paragrafu MjIopIa

(f) tas-sutnln ikolu ( I) la' I-.n it ol u S ta'I-Alt , ,hndu, met. dak \-

inconu lijinqala' minn proprjelA immobbli, ikun it.totaJ ta' -

(a) I-ammon! la' mgl'tllll li jinghala lafll il-paragrafu (a) Ill$-

subartikolu (1) la' I-imsemmi artikolu 13;

(b) kull ken , 6ens;ew pit simili Ii jkollu ji tllallas

(t) meta japptik.a, id-drin ta- li6cnza mhallas ghall-finijie! ta' I-

All d war il-Gllts' HQUJQ u PO$lijie! Fumi.JheiJ gl'tall-Blala: u

(d~ ammon! ichor li j kun daqs gboxrin m · mija .. '1-~

nett li Jibqa ' wara li jitnaqqw rnil-lOlaI ta' clak l-illCOrlV I-ispejjet

imsemmija fil-paragrafi (b) u (t) la' din ir-regola , bekk i1da 1i cbda

tnaqqis bbal dan rna jingh.ala dwar i~ Ii jinqala' rninn li g.boI:i

cnfi\ewliku .

The Deduction (E:.penses in Respect of Immovablc Propeny)

Rules, 1978 are hereby reVQked .

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