Deductible income tax expenses

For the purposes of the Income and Business Tax Act, Cap. 55, all out goings and expenses reasonably incurred in a year of assessment by a person in public life in connection with the preparation of a declaration required to be furnished by him for the purposes of this Act are deemed to be incurred Prevention of Corruption 49 by him wholly and exclusively in the production of his income for that year of assessment and shall be deductible against his chargeable income for income tax purposes of his receipts for business tax purposes.