Page 41 - F6 - Special Deductions
P. 41

Solution:  Assessed Losses









       Year 1 – Assessed loss                                                                               R200,000








       Year 2 – No assessment (no Taxable income or


            assessed loss) – MAY NOT carry forward AL from


            year 1








       Year 3 – Taxable income                                                                              R400,000
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