55. Deduction for gifts for certain approved purposes
In ascertaining the chargeable income of any person for any year of income, where, in that year of income, such person makes a contribution—
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(a) under a deed of covenant for a period of not less than 3 years, to any religious, charitable, medical, or educational institution or sporting body or fund of a public character, approved by Cabinet;
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(b) to the Saint Lucia National Trust,
there is allowed a deduction of the amount of such contribution. However, the deduction in respect of such contributions shall not exceed 25% of the assessable income of the person for that year of income.