|OUTCOMES OF TOPIC
After studying this topic related to assessed losses, you should be able to:
✓ Understand what the term “assessed losses” mean;
✓ Explain and practically apply the assessed loss provisions;
✓ Identify when the set-off of assessed losses will be disallowed in terms of section 103(2) of the Income Tax Act;
✓ Identify when assessed losses will be ring-fenced in terms of section 20A.