Page 25 - F6 - Special Deductions
P. 25

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
   20   21   22   23   24   25   26   27