Have a Tax Question? Ask a Tax Expert
Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.
Under SARs, unless a taxpayer carries on farming activities on a fulltime basis, such activities will be regarded as 'suspect trades'. Those who conduct farming activities as a secondary activity, will be hit by ring-fencing provisions and the total loss is not allowed. Just up to the R15000 would be allowed as a claim.