oa De Rebus - A little less likely to lose that loss
|Article Title||A little less likely to lose that loss|
|© Publisher:||Law Society of South Africa|
|Affiliations||1 Cape Town.|
|Publication Date||Oct 2005|
|Pages||42 - 43|
|Keyword(s)||Assessed losses, South African Revenue Service (Sars) and Tax deductions|
Your company is involved in the business of selling houses. It has been having a stretch of bad luck, however, for the past couple of years and this year was the absolute worst. Despite the best efforts of management, and despite incurring large amounts in expenses, it did not manage to sell a single house and not a cent of income was earned.
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