Income Tax.


 for the purposes of this Ordinance be treated as
 receipts of trade, business, profession or vocation for
 that year;
(e) rates and taxes oil lands or buildings (but not in-
 cludifig income tax) ;
(f) any contribution to an approved pension or super-
 annuation fund which is an ordinary annual con-
 tribution; and any contribution which is not an
 annual contribution shall be spread forward over
 such number of years as the Comptroller may deem
 reasonable having regard to the circumstance in
 which such contribution was made;
(g) premiums paid on any insurance policy covering loss
 by fire, earthquake, hurricane, riot, civil commotion,
 flood, burglary or other disaster on property used in
 acquiring the income upon which the tax is payable
 or on property upon the income from which or upon
 the value for the use of which tax is payable;
(h) annuities or other annual payments whether payable
 within or out of the Colony, either as a charge on
 any property of the person paying the same by virtue
 of any deed or will or otherwise, or as a reservation
 thereof, or as a personal debt or obligation by virtue
 of any contract; Provided that no voluntary allow-
 ances or payments, of any description, shall be de-
 ducted;
(i) any annual sums paid by such person (being an
 employer) by way of contribution on behalf of an
 employee in respect of a fund or scheme approved
 by the Administrator in Council under paragraph (b)
 of section 34 of this Ordinance, or in respect of a
 fund or scheme for providing medical care, housing
 or recreational facilities for employees;
(j) any sum expended after 1st January, 1966 in respect
 of stumping and clearing land if it is proved to the
 satisfaction of the Comptroller that the said land is
 or will be used for bona fide agricultural purposes:
 Provided that no allowance shall be made unless the
 taxpayer has included in his taxable income the
 amount or the value of any advantage accruing to
 him in respect of the sale or other disposal of any
 timber etc., which has been felled and removed


No. 21.


1967.