Page 37 - F6 - Special Deductions
P. 37

Set-off Of Assessed Losses












          For individuals an assessed loss may


             be carried forward even through a year



             with no income.







          BUT                                                            SA Bazaars (Pty) Ltd v CIR



                                                               Robin Consolidated Industries v CIR



          A company has to carry on a trade in a year


             of assessment or it may not carry forward


             assessed loss from previous year (Lose


             assessed loss for ever)
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