Clarify how to enter rollover of CGT/loss.

What amount must I enter for the rollover from last years CGT loss. During the 2014 tax year I dis-invested a foreign investment. The original base cost was R1,540,000. 00. The amount in rand that I received back was R1,080,318. 00. This was easy to enter into that year's ITR12. But the current year, I do not know what amount to enter as a roll over or which code to use.

SARS will have this loss on their records so you do not need to enter this again. They will take it into account in the event of a further loss this year.

Does this loss get offset against any future capital gains?

Your rolling assessed loss will be ring -fenced and set off against future capital gains.