February 2024

February 7, 2024

Ring-Fencing Trading Losses

SECTION 20 of the Income Tax Act 58 of 1962 deals with the set-off of losses from a trade against other income.  In general, such set-off is allowed (see sub-paragraph (1)(b)), provided that the loss is incurred in the taxpayer’s own name (i.e. not in a company, CC, or trust).  The loss must also have been incurred with-in the Republic of South Africa to qualify for set-off.
February 7, 2024

Beware of Tax-Related Scams

Over the past five years, the SAFPS has seen a steady increase in the number of tax-related scams. Improved efficiency To improve efficiency when it comes […]
February 7, 2024

The Financial Costs and Benefits of Solar Power

The shift towards renewable energy in South Africa has seen a significant rise in the adoption of solar power. While the benefits of solar energy, such […]
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