Page 21 - F6 - Special Deductions

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)