Section 31: Other exempt income.

The following amounts are exempt from income tax— a) the official income of the person holding the office of President of Sierra Leone; b) the overseas allowance payable to officers of the Sierra Leone diplomatic, consular, overseas or foreign service while these officers are serving in posts outside Sierra Leone; c) ex-gratia capital sums received by way of compensation for death or injury; d) wound and disability pensions granted to members of the Sierra Leone Armed Forces; e) pensions granted to any person under the provisions of the Widows and Orphans (African Officers) Pensions Act; and the Widows and Orphans (Europeart Officers) Pensions Act. f) the income of an individual, trust or partnership derived from any agricultural activity involving tree crop farming such as cocoa, coffee and oil-palm for a period of ten years from the commencement of the agricultural activity; g) the income of' a company incorporated in Sierra Leone derived from any agricultural activity involving tree crop farming such as cocoa. coffee and oil-palm for a period of ten years from the commencement of that activity; and fifty percent of any dividend paid in that period, provided the company maintains full records of all transactions relevant to the agricultural activity; h) five percent of business income derived from export sales calculated as necessary in the proportion that export sales bear to total sales; i) the investment income of a complying retirement fund; j) half the official employment income of a person holding the office of Vice-President; k) winnings from a lottery; l) subject to sections 23, 24 and 25, the value of property acquired by gift, bequest, devise or inheritance; and m) gains on the disposal of property other than business assets or investment assets. D EDUCTIONS