50. Deduction for higher education
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(1) Subject to this section, in ascertaining the chargeable income of an individual who is resident in Saint Lucia and who, is a relative of a person whom he or she maintained during the income year shall, if that person irrespective of age, was a university student, whether in Saint Lucia or elsewhere, during that income year, be entitled to a deduction in respect of education of such university student.
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(2) The deduction allowable under this section is $5,000 in respect of any one person.
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(3) Where a deduction is allowable under this section no deduction is allowed in respect of the same person under section 48.
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(4) Where 2 or more individuals contribute towards the maintenance of a person to whom this section applies the deduction allowable may be apportioned between the individuals in such manner as appears to the Comptroller to be reasonable.
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(5) In this section—
“relative” means a parent, grandparent, brother, sister, uncle or aunt and includes a person in loco parentis;
“university student” means a person receiving full time education at a university or at any other institution providing technical or professional education of a standard equivalent to university education.
(Amended by Act 18 of 1990)