Page 63 - F6 Slide - Taxation - Lecture Day 2 Class
P. 63

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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