Assessed losses and ringfencing

Price:
R506.46 (VAT Incl.)
Level:
Tax professionals
Sub-level:
Income tax
Lecturer:
Carmen Westermeyer
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline


Assessed losses have always been a point of content. It is easy for the unscrupulous to take advantage of losses to set them off against legitimate expenses. How does SARS prevent abuse while at the same time recognising that business does not always work out the way we anticipate?

The aim of this course is to provide an overview of the options that are available to taxpayers. This will look at:
• How does s20A ringfence losses for individuals?
• How the S20 assessed loss limitation impacts taxpayers?
• What other provisions apply to assessed losses?