Tax Happy Hour: Explanation of Assessed Loss Balances: Limitations for Companies and Individuals – 20 August 2025

To equip Chartered Business Accountants in Practice with clear, practical guidance on the treatment of assessed losses under the Income Tax Act, SARS guidance, and recent developments. The session will highlight common pitfalls, anti-avoidance rules, and how to safeguard clients from costly mistakes.

Date:

20 August, 2025

Time:

16:00

Hours:

1 hour

CPD Units:

Category:

Taxation

Group:

Channel 1: Compliance

Format:

Live Event

Tax Happy Hour: Explanation of Assessed Loss Balances: Limitations for Companies and Individuals - 20 August 2025

R230,00 VAT incl.

Product Information

Assessed losses remain one of the most complex and heavily scrutinised areas in South African tax. With SARS tightening its approach and amendments limiting how losses may be utilised, accountants in practice cannot afford to get it wrong. In this focused, practical session, Johan Heydenrych, will unpack Sections 20, 20A, and 103(2) of the Income Tax Act, SARS guidance, and the implications for deferred tax. You’ll walk away knowing exactly what is allowed, what is ring-fenced, and how to protect your clients from unnecessary risk while positioning yourself as a trusted tax adviser.

Presenter/s

Johan Heydenrych

Johan Heydenrych is a taxation specialist since 1991, Johan is known for his expertise in complex tax advisory and compliance, currently serving as a partner at Kreston SA.

What will set you apart

By attending this webinar you will gain the following competence

Understand the current rules for carrying forward assessed losses and how the R1 million/80% limitation works.
Learn how Section 103(2) anti-avoidance provisions may disallow losses if SARS views them as tax-driven arrangements.
Get clarity on Section 20A “ring-fencing” rules for individuals, including updates in the 2026 TLAB proposal.
See how deferred tax recognition interacts with the 80% limitation and what this means for your clients.
Avoid compliance risks by understanding SARS’s stance and recent case law on what qualifies as “trade”.

Event breakdown

Overview of Assessed Losses – Definition and scope under Section 20
80% Rule & Deferred Tax – Practical examples and impact on compliance
Section 103(2) Anti-avoidance – When SARS can disallow assessed losses
Section 20A Ring-Fencing Rules – Who is affected and what changes in 2026
SARS Guidance & Case Law – “Trade” vs “income from trade” requirements
Q&A Session

Certificate

The following event is awarded 1 CPD unit in Taxation.