This will include stopping foreign bank levies as an allowable deduction for income or corporate tax purposes.

To qualify as an allowable deduction, an expense must qualify as an income tax deduction and be directly connected with the carrying on of the unrelated trade or business.

The donor's allowable deduction will be reduced, however, by the amount of the substantial benefit conferred upon them as a result of their contribution.

Allowable deductions may come to 3,000, making the taxable gain 114,000.

Allowable deductions include mortgage interest payments, repairs to the property, insurance, letting agency fees and 10 per cent of your total rental income to cover depreciation.