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Generally all expenses that have been incurred wholly and exclusively for the production of income are deductible.

All expenses incurred wholly and exclusively in the production of the income are considered deductible.

(a) in payment or discharge of the costs, expenses and other obligations incurred or undertaken by the Council in the performance of its functions and the exercise of its powers; and

(a) in payment or discharge of the expenses, charges, obligations and liabilities incurred or undertaken by the Commission in the performance of its functions and the exercise of its powers; and

(a) in the payment or discharge of the expenses, charges and obligations incurred or undertaken by the Council in the performance of its functions and the exercise of its powers; and

(a) in payment or discharge of the costs, expenses and other obligations incurred by the Institute in the performance of its functions or the exercise of its powers; and

Net-net-net (Triple net) The tenant then pays all expenses and operating expenses such as property taxes, insurance and common area maintenance (the three nets) in addition to base rent.