Capital loss for insurance company

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1 Points Posted on 20 November 2020
loss on sale of shares for insurance company can be adjusted against business profit ?
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On 20 November 2020 at 11:44 Report
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This discussion clarifies whether capital losses incurred by an insurance company from selling shares can be offset against their business profits. The answer is no. Losses classified under the 'Capital Gains' tax head cannot be adjusted against income from any other source.

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Accountant
3662 Points Posted on 20 November 2020
No....
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On 20 November 2020 at 23:36
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Student
23693 Points Posted on 21 November 2020
Kindly note that Losses under the head Capital Gains cannot be set off against any other head of Income.
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On 21 November 2020 at 20:54

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