Assessed Loss

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Definition: Assessed Loss

Assessed Loss
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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.

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https://payrollheaven.com/define/assessed-loss/
Modern Language Association (MLA):
Assessed Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/assessed-loss/.
Chicago Manual of Style (CMS):
Assessed Loss. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/assessed-loss/ (accessed: April 20, 2024).
American Psychological Association (APA):
Assessed Loss. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/assessed-loss/

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.