[Question] Sole Prop Loss Reduce Salary Taxable Income for how long?

[Financial Coach]

Hi All

I know that when you have a Sole Proprietorship (side hustle) and you make a loss with it , Like most sole proprietor ships in the first couple of years, That you can use this Loss to reduce your taxable income from your salary and get a refund on taxes paid through out the year on your salary.
This is similar to what is allowed in the USA, however the USA limits you to only 3 consecutive years of off setting your Loss against your other taxable income.
I would like to find out if there is the same or a similar limitation of 3 or any other number of consecutive losses which would be allowed before SARS stops you from doing this?

[Andromeda]

As far as I know in SA Tax Law there is no limit, assuming that the loss reduces taxable income but does not exceed it.

[Krono9]

Only area to be aware of but really depends on your circumstances are the specific ring-fencing provisions of S20A of the ITA. I think SARS has issued a guide on this specifically.

[Financial Coach]

As far as I know in SA Tax Law there is no limit, assuming that the loss reduces taxable income but does not exceed it.

Thanks