Page 42 - Taxation F6

Question

• XYZ Ltd is a South African resident company. XYZ

Ltd has an assessed trading loss brought forward of

R500,000 and an assessed capital loss brought

forward of R340,000. For the 2015 year of

assessment, the company made a taxable profit of

R600,000 and had capital gains of R450,000 and

capital losses of R200,000. XYZ Ltd is not a small or

micro business corporation.

• Required:

• What is the normal tax liability of XYZ Ltd?

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