Page 40 - F6 - Special Deductions
P. 40

Example - Assessed Losses











      Abigail Ltd has an assessed loss of R200,000 in


          year 1



      Does not carry on trade in year 2



      Restarts trade in year 3 and generates taxable


          income of R400,000








      What will Abigail Ltd’s tax position be in years 1-3?
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