Ring-fencing of assessed losses
ID:CVRFA
Video Overview
In South Africa, income tax is levied on the taxable income of the taxpayer. Companies are taxed at a flat rate whereas natural persons and trusts are taxed according to a sliding scale. In the past, natural persons reduced their taxable income by having small informal businesses that ran at a loss that was then used to reduced their other taxable income. As a result, SARS introduced an anti-avoidance measure. This anti-avoidance measure is known as ring-fencing. In this tutorial we will discuss ring-fencing of assessed losses.
Member Area
UNREGISTERED? - CHOOSE A PLAYLIST TICKET
Please note
Internet access is required to view this product. You will be required to stream the online videos, which means you will incur data charges. Charges fluctuate depending on the length and complexity of the video.
These subscriptions will auto renew. E-mails will be sent to you 10 days before as a warning that it's about to auto renew. If you wish to cancel a subscription, you can visit 'Member Area - My Tickets and Subscriptions', where you can exercise the option to cancel.