S.L. 123.55 Art. 46Right to claim deductions.

(1) Except as expressly provided in these rules or in or under the Income Tax Acts nothing contained in these rules shall be construed as granting or denying a right to any person to claim a deduction from his income with respect to the provision of any benefit or any payment in cash or in kind to any other person and the right to any such deduction shall be regulated by the relevant provisions of the Income Tax Acts and the rules prescribed under those Acts without reference to these rules.

(2) Except as expressly provided in these rules the value of any benefit determined in accordance with the provisions thereof shall be deemed to be net of all deductions that could otherwise be claimed by the beneficiary and no further deductions may be claimed in respect thereof.