any disbursements or expenses, not being money wholly and exclusively laid out or expended for the purposes of the trade, profession or vocation;

any disbursements or expenses of maintenance of the parties, their families or establishments, or any sums expended for any other domestic or private purposes distinct from the purposes of the trade, profession or vocation;

the rent of the whole or any part of any dwelling-house or domestic offices, except any such part as is used for the purposes of the trade, profession or vocation, and where any such part is so used, the sum so deducted shall not, unless in any particular case it appears that having regard to all the circumstances some greater sum ought to be deducted, exceed two-thirds of the rent bona fide paid for that dwelling-house or those offices;

any sum expended for repairs of premises occupied, or for the supply, repairs or alterations of any implements, utensils or articles employed, for the purposes of the trade, profession or vocation, beyond the sum actually expended for those purposes;

any loss not connected with or arising out of the trade, profession or vocation;

any capital withdrawn from, or any sum employed or intended to be employed as capital in, the trade, profession or vocation, but so that this paragraph shall not be treated as disallowing the deduction of any interest;

any capital employed in improvements of premises occupied for the purposes of the trade, profession or vocation;

any interest which might have been made if any such sums as aforesaid had been laid out at interest;

any debts, except bad debts proved to be such, and doubtful debts to the extent that they are respectively estimated to be bad, and in the case of the bankruptcy or insolvency of a debtor the amount which may reasonably be expected to be received on any such debt shall be deemed to be the value thereof;

any average loss beyond the actual amount of loss after adjustment;

any sum recoverable under an insurance or contract of indemnity;

any annuity or other annual payment (other than interest) payable out of the profits or gains;

any interest paid to a person not resident in the United Kingdom if and so far as it is interest at more than a reasonable commercial rate;

M2any relevant loan interest within the meaning of section 369, other than interest to which section 375(2) applies;

M3any royalty or other sum paid in respect of the user of a patent;

any rent, royalty or other payment which is by section 119 or 120 declared to be subject to deduction of tax under section 348 or 349 as if it were a royalty or other sum paid in respect of the user of a patent.