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Brian says: 31 August 2015 at 13:01 What is the advantage/disadvantage of carrying over a loss? What does SARS mean by "ring fencing" this profit/ loss? |
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TaxTim says: 1 September 2015 at 7:24 What type of business do you run? |
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Brian says: 1 September 2015 at 7:26 I am an independent contractor. |
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TaxTim says: 3 September 2015 at 11:13 Ring-fencing would be more applicable to when you run side business or earn rental income where you cannot carry losses over for a number of years or SARS looks negatively on offsetting these losses against your normal salaried income. If you only receive income from independent contracting then there is nothing to ring-fence against as this is your only income. |
