13 March 2016 at 17:24
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?
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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