(1) The amount of the input tax credit for a * creditable acquisition the * consideration for which is a reimbursement to which section 111-5 applies is an amount equal to 1 / 11 of the amount of the reimbursement.
(2) However, if:
(a) the person incurring the expense incurs it in the capacity of an agent, * officer or partner; and
(b) the incurring of the expense is only in part related directly to his or her activities as your agent or officer, or as a partner, as the case requires;
the amount of the input tax credit under subsection (1) is reduced by an extent equivalent to the extent to which the incurring of the expense is not related directly to those activities.
(3) This section has effect despite section 11-25 (which is about the amount of input tax credits for creditable acquisitions).