Disallowed deductions

For the purpose of ascertaining the chargeable income of any person no deductions shall be allowed in respect of– (a) domestic or private expenses; (b) any disbursements or expenses not being money wholly and exclusively laid out or 24 expended for the purpose of acquiring the income upon which income tax is payable; (c) any capital withdrawn or any sum employed or intended to be employed as capital; (d) any capital employed in improvements, alterations or additions except as provided in paragraphs (d) and (h) of section 11(1) of this Act. (e) any sum recoverable under an insurance or contract of indemnity; (f) rent of or cost of repairs to any premises or part of premises not paid or incurred for the purpose of producing the income; (g) any amount paid or payable in respect of the United Kingdom income tax or surtax or Commonwealth income tax as defined by this Act.