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srilawsby aturio
As enacted
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Contents

Part II

197. Domestic expenditure

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Where an individual incurs expenditure in respect of himself, the expenditure shall be domestic expenditure to the extent that it is incurred –

(a)

in maintaining the individual, including in providing shelter as well as meals, refreshment, entertainment or other leisure activities;

(b)

in the individual commuting from home;

(c)

in acquiring clothing, including shoes, for the individual, other than clothing that is not suitable for wearing outside of work;

(d)

in educating the individual, other than education that is directly relevant to a business conducted by the individual and that does not lead to a degree or diploma; or

(e)

in paying any personal debts, including credit card debts, of the individual.

(2)

Where another person incurs expenditure in making a payment to or providing any other benefit for an individual, the expenditure shall be domestic expenditure except to the extent that –

(a)

the payment or benefit shall be included in calculating the income of the individual;

(b)

the individual provides consideration of an equal market value for the payment or benefit; or

(c)

the amount of the expenditure is so small as to make it unreasonable or administratively impracticable to account for it.

(3)

Expenditure referred to in subsections (1) and (2) shall include interest incurred with respect to money borrowed that is used in a manner referred to in those subsections.

Read on from s 198

Schedules