Siko (45 years old) is a South African resident. After inheriting a sizable amount of cash from his grandfather, Siko started speculating with Crypto assets as a hobby. The following information relates to Siko's 2023 year of assessment: - He made a taxable income of R1 832500 . - He made a loss made of R205 200 with his Crypto asset speculation. REQUIRED: Advise Siko whether he will be allowed to deduct the loss he made from his Crypto asset speculation from his taxable income for the 2023 financial year. Support your answer with references to the Income Tax Act. (10 marks)