Assessed Losses Course

Price:
R325.00 (VAT Incl.)
Level:
Accounting Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
120 Minutes
Additionals:
   CPD Assessment
   Certificate

Lesson Outline

As a tax professional, learners are immediately confronted with large volumes of detailed tax theory, and struggle to understand how the theory fits into the end goal of preparing tax computations.

This course has been designed to develop a foundation of simple application upon which the complexities of taxation can be built at a later stage. The approach is practical rather than theoretical.

Topics Discussed:

  • Utilizing an assessed loss brought forward
    • Definition of trade
    • The trade requirement
    • Commencement of trade
  • Set-off of losses in the current year

    • General

    • Facts and circumstances test

    • The six-out-of-ten-year-rule

    • Fluctuating taxable income

    • Decision tree – produced by SARS – with minor modifications

All included:

  • Video presented course
  • Downloadable course material
  • Certificate of training
  • Assessment (optional)
  • SAIT Accredited - 4 Verifiable CPD Points