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of <h1>Section 30: Allowable Deductions for Rent, Repairs, Rates, and Insurance; by tenants and occupiers Capital Expenditure Not Deductible</h1> Deductions are allowed for expenses relating to premises used for business or profession: a tenant may deduct rent paid and, if contracted to bear them, amounts paid for repairs; an occupier other than a tenant may deduct current repair expenses. Sums paid as land revenue, local rates or municipal taxes and premiums for insurance against damage or destruction of the premises are also deductible. Payments classified as capital expenditure are excluded from the deductible repair amounts.
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