2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

8.   Equipment

The value of any computer equipment, office machinery, furniture and motor vehicles of an insurance company—

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    (a)     when purchased in the second 6 months of the financial year, shall not be greater than 85% of the cost thereof to the company;

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    (b)     when purchased in the first 6 months of the financial year, shall not be greater than 75% of that cost;

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    (c)     in the first financial year thereafter, shall not be greater than 50% of that cost;

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    (d)     in the second financial year thereafter, shall not be greater than 25% of that cost; and

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    (e)     in any subsequent financial year, shall be left out of account for the purposes for which these Regulations apply.