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Ring fencing

Posted 14 March 2016 under Tax Q&A
Namzara says:
13 March 2016 at 17:24

Hi Tim

I have the following questions on ring fencing:

If earn less N$200 000 a year can I deduct my losses from the following trade from my employment income:

- Rental losses
- Taxi losses
- Farming losses
- Shebeen losses

If I earn more than N$200 000 can I deduct the losses from the above mentioned trades in the first two years?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
14 March 2016 at 11:13

If you earn less than 200k, yes you can claim the losses.

Please see our comprehensive article on ring-fencing to assist you:Ring-fencing Explained


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