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Saint Lucia
Individual - Deductions
Last reviewed - 01 December 2023Employment expenses
Employees may deduct expenses incurred wholly and exclusively in the performance of the duties of their employment, but only to the extent that these expenses are not reimbursed by the employer.
Personal allowances and deductions
In determining chargeable income, a resident individual, upon due claim, is allowed the following deductions:
| Allowances and deductions* | XCD |
| Personal allowance | 25,000 |
| Personal allowance (pensioners) | 25,000 |
| Spouse allowance (1) | 1,500 |
| Maintenance or alimony (under court order) | Actual |
| Child allowances | 1,000 to 2,000 |
| Deduction for higher education | 5,000 |
| Deduction for life insurance, other retirement benefits: | |
| Premiums paid in Saint Lucia (2) | 8,000 |
| Premiums paid outside Saint Lucia (3) | 3,000 |
| Allowance for housekeeper (maintenance or relative) | 200 |
| Allowance for dependent relative | 350 |
| Owner-occupied property: | |
| Mortgage interest | Actual |
| Property taxes | Actual |
| Insurance premiums | Actual |
| Upkeep and maintenance | Up to 10,000 |
| Purchase and installation of a new solar water heating system | Up to 6,500 |
| Donations to charitable, religious, educational institutions (under deed of covenant for at least three years) (4) | Actual |
| Medical expenses (5) | Actual |
| Purchase of shares in building or cooperative societies | Up to 5,000 |
| Investment in a Registered Home Ownership Plan | Up to 6,000 |
| Interest on a student loan | Actual |
| Purchase of new shares in a resident public company | Up to 5,000 |
Notes
- Reduced dollar-for-dollar to the extent the spouse's assessable income exceeds XCD 1,500.
- A maximum of 10% of assessable income to a maximum of XCD 8,000.
- 50% of the premium but limited to the higher of 5% of assessable income or XCD 3,000.
- Actual, but may not exceed 25% of assessable income.
- Standard deduction of XCD 400 if no actual expenditure.
* Effective 1 January 2023, the total allowances and deductions permitted, excluding personal allowance and the deduction for medical expenses, shall not exceed XCD 30,000.
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