DEDUCTION OF EXPENSES IN RESPECT 
OF IMMOVABLE PROPERTY ġ S.L.123.26 1
SUBSIDIARY LEGISLATION 123.26
DEDUCTION OF EXPENSES IN RESPECT OF 
IMMOVABLE PROPERTY RULES
1st January, 1994
LEGAL NOTICE 100 of 1993. 
Title.
of Immovable Property Rules.
Interpretation.
Cap. 123.
2. In these Rules, ''the Act'' means the Income Tax Act.
Deductions 
allowable.
3. The deductions allowable annually under article 14(1) of
the Act, in respect of income chargeable to tax under article 4(1)( f )
of the Act, where such income is income arising from immovable
property, shall be the total of -
( a ) the amount of interest allowable under article 14(1)( a )
of the Act;
( b ) any rent, ground rent or similar burden payable;
Cap. 240.
( c ) where applicable, the licence fee payable for the
purpose of the Guest Houses and Holiday Furnished
Premises Act; and
( d ) a further amount equivalent to twenty per cent of the
income remaining after deducting from the total of the
income in question the expenditure referred to in
paragraphs ( b ) and ( c ) of this rule, so however that no
such deduction shall be allowed in respect of income
arising from any emphyteutical concession.
