114. General rule as to deductions.

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Taxes Consolidation Act, 1997 (No. 39)
Income Tax and Corporation Tax: The Main Provisions (ss. 32-531)
Part 5 Principal Provisions Relating to the Schedule E Charge (ss. 112-128F)
Chapter 2 Computational provisions (ss. 113-115)
114. General rule as to deductions.

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Version date: 30 November 1997 - onwards

Where the holder of an office or employment of profit is necessarily obliged to incur and defray out of the emoluments of the office or employment of profit expenses of travelling in the performance of the duties of that office or employment, or otherwise to expend money wholly, exclusively and necessarily in the performance of those duties, there may be deducted from the emoluments to be assessed the expenses so necessarily incurred and defrayed.

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