I am trying to find out the following,
Say you have a cc that is a trading business and the business is sold out of the cc. This cc has accumulated losses over the past few years which has been submitted with SARS. Now you continue to submit all your returns as per normal except they are nil as you are not physically trading (i.e. bringing in money). The intention is to use the cc in a year or two from now for another business.
Can these losses be carried over to the next business as it is the same cc? or will the losses be lost because the business was not trading for a period of time?
Any info appreciated, Thanks,