See also ==> Deductions Q & A's
Most financial institutions charge account-keeping fees. You can claim these fees where the account was held for investment purposes, for example, a cash management account. You will find these fees listed on your statements or in your passbooks.
If you were not the sole holder of an account you can only claim your share of fees, charges or taxes on the account. For example, if you held an equal share in an account with your spouse, you can only claim half of any allowable account-keeping fees paid on that account.
You can claim a deduction for Financial Institutions Duty that relates to the direct depositing of salary, wages, allowances or payments into your bank account. You can claim a deduction for government duties tax or debits tax charged on any outgoing from your bank account where the transaction related to an allowable deduction—for example, work related expenses.You cannot claim a deduction for other bank fees that relate to transactions for private expenditure.
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