Law library · Sierra Leone · The Income Tax Act, 2000
Section 60: Losses on disposal of investment assets.
Status not yet checkedThe Income Tax Act, 2000, Sierra Leone
(1) A deduction for a loss on the disposal of investment assets is allowed only to the extent that the taxpayer hasrealised gains on the disposal of investment assets in the year of assessment.
(2) A loss that is not deductible in whole or in part in a year of assessment because of subsection (1) is treated as
incurred in the following year of assessment.
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