In collaboration with Prof Peter Surtees & Prof Deborah Tickle
Assessed Losses Focus
The tax rules surrounding assessed losses affect companies, individual taxpayers and trusts, although in quite different ways. Understanding the context and application of the relevant sections is essential for any tax practitioner or taxpayer, especially in light of the recent amendments and proposed amendments to the legislation.
Session 1:
Assessed Losses: Company Focus
Date:
23 October 2025
Time:
10:00 – 11:30
Platform:
Zoom
Cost:
R180.00
CPD Points:
1.5
Key topics
- Overview of the legislative framework and application of assessed losses to companies.
- Section 20 of the Income Tax Act including recent amendments.
- Interpretation Note 33 (Issue 5) Assessed Losses: Companies: The ‘trade’ and ‘income from trade’ requirements.
- Binding General Ruling 73 (Published on 30 July 2024) Meaning of taxable income for purposes of setting off the balance of an assessed loss by a company.
- Pre-trade expenditure and losses (with reference to Interpretation Note 51 (Issue 6).
- Capital losses: Eighth Schedule considerations.
Session 2:
Assessed Losses: Individuals & Trusts Focus
Date:
30 October 2025
Time:
10:00 – 11:00
Platform:
Zoom
Cost:
R180.00
CPD Points:
1.0
Key topics
-
Application of Section 20 of the Income Tax Act, including:
- Individual taxpayers
- Trusts - Application of Section 25B of the Income Tax Act, in respect of losses in Trusts.
- Section 20A of the Income Tax Act, and the significant proposed amendment thereto.
- Capital losses: Eighth Schedule considerations.
- Q&A
Who Should Join?
Tax Practitioners and Tax Consultants
Trust Accountants and Bookkeepers
Trustees
Trust Officers & Trust Administrators
Business Compliance
Officers
Meet The Speakers
Prof Peter Surtees
Chartered Accountant (SA) | Tax Specialist
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Professor Peter Surtees practised as a Chartered Accountant (SA) in Bloemfontein for 19 years before joining the staff of Rhodes University, where he rose to be head of the department of accounting. In 1998, he took early retirement and moved to Cape Town. He joined Deneys Reitz Attorneys (now Norton Rose Fulbright), where he was a director in the tax division until his retirement in 2015.
The professor was also on the staff of the department of finance and taxation at the University of Cape Town from 1998 until the end of 2016, where he presented the MCom (Taxation) course. He now lives in Napier, from where he continues to run his taxation practice in all areas of taxation and estate planning.
He was until its demise in 2017 a member of the editorial panel of Integritax, the tax publication of the South African Institute of Chartered Accountants. He is a member of the editorial panel of the Tax Chronicles Monthly, the tax publication of the SA Institute of Tax Professionals. He is also a member of the tax court.
Prof Deborah Tickle
Chartered Accountant (SA) | Tax Specialist
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Deborah Tickle (CASA) is currently an adjunct associate professor at the University of Cape Town where she lectures tax Masters students. Previously, as managing partner of the tax department at KPMG (Cape Town), she led the team for ten of the 31 years she spent consulting to large, listed and global clients of the firm. She now provides technical support to a number of smaller and boutique tax firms.
She served on the Davis Tax Committee from 2015 to 2020 and has also served on the Southern Region (25 years) and National (9 years, one of which as deputy chair) tax committees of SAICA. She is also a trustee for the Children’s Hospital Trust and acts as a non-executive Director and audit committee member at Personal Trust. Over the years she has written many papers, articles and presented seminars.
Whether you advise companies, individuals, or trusts, these sessions will give you the knowledge to navigate risk and apply the law effectively.
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