The estate or trust may have incurred expenses in generating its income, for example:
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commission deducted from interest or dividends
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expenses for return preparation
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deductible trustee charges
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interest paid to Inland Revenue.
If these expenses haven’t been claimed elsewhere in the return, write the amount claimed in Box 19.
Certain expenditure is not deductible and this includes:
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private expenditure
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capital expenditure.
Penalties may apply if it is claimed incorrectly.