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<h1>Deductions for rent, repairs, interest and depreciation limited to the fair business proportion for partly residential premises</h1> Where premises are partly used as a dwelling or assets are not exclusively used for business, deductions for rent, repairs, interest and similar expenses and for depreciation and other allowances must be limited to the fair proportion attributable to the business use. The assessing officer determines the proportionate annual value or fair proportion having regard to the extent of business use of the premises, building, machinery, plant or furniture, and allowances are restricted accordingly.