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Expenditure involving crime.
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41.— (1) The Principal Act is amended by inserting the following section after section 83:
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“83A.— (1) In computing any income chargeable to tax under Schedule D, no deduction shall be made for any expenditure incurred—
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(a) in making a payment the making of which constitutes the commission of a criminal offence, or
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(b) in making a payment outside of the State where the making of a corresponding payment in the State would constitute a criminal offence.
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(2) Any expenditure specified in subsection (1) shall not be included in computing any expenses of management in respect of which relief may be given under the Tax Acts.”.
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(2) This section applies as respects any chargeable period (within the meaning of section 321(2) of the Principal Act) ending on or after 31 January 2008.
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