Words and Phrases - "sustains"

a
86
b
44
c
76
d
50
e
38
f
31
g
18
h
14
i
73
j
2
k
2
l
32
m
56
n
25
o
38
p
80
q
3
r
76
s
89
t
46
u
15
v
9
w
23
y
2

Reed v. Young, [1984] BTC 424 (C.A.), aff'd [1986] BTC 242 (HL)

Summary Under
Tax Topics - Income Tax Act - Section 39 - Subsection 39(2)
sustained means incurred or suffered

"The word 'sustains' ... means no more than 'incurs' or 'suffers'." A trading "loss is only sustained because debts and liabilities have been incurred, but the loss does not have to be cleared or satisfied once and for all at the end of the period."

Words and Phrases
sustains