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


Loss last year vs profit this year

Posted 11 August 2014

If I made a loss in my business last year can I take that loss into account when I'm doing my company tax this year if I am making a profit

TaxTim Marc TaxTim Marc said:
12 August 2014 at 11:15

Yes you can, if it is personal business - not an actual company, then you click yes to the question which asks if you wish to ring-fence the loss.

This entry was posted in Tax Q&A and tagged . 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.