FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


IRP6 - how to indicate a financial loss on IRP6?

Posted 25 August 2014

I need to complete an IRP6 for 2015 period 01. I am making a loss and would appreciate the assistance on how I would indicate the taxable income in order to reflect the loss.

Also would the amount for taxable income be from March 2014 to the end of Aug 2014, or would it also as per turnover be for the March 2014 to Feb 2015?

TaxTim Marc TaxTim Marc said:
25 August 2014 at 14:24

You would include the Estimated income for the year between March and February and then the estimated profit, if it is a loss then include zero. There won't be any taxes payable.

IRP6 Cape town said:
28 August 2014 at 15:19

Thanks Tim.

TaxTim Marc TaxTim Marc said:
28 August 2014 at 23:31

Only a pleasure!

This entry was posted in Tax Q&A Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.