Assessed Loss

Business, Legal & Accounting Glossary

Definition: Assessed Loss

Assessed Loss

Full Definition of Assessed Loss

The excess of tax deductible expenses over taxable income as is confirmed by the South African Revenue Service. This loss may be carried forward and also deducted when determining a taxpayer’s taxable income in subsequent years of assessment.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Assessed Loss. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Assessed Loss. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Assessed Loss. Retrieved December 07, 2021
, from website:

Definition Sources

Definitions for Assessed Loss are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.