Do your Tax with TaxTim and WIN R10,000 More info T&C's apply

Bond credit life cover premiums

Posted 31 March 2017

Sam said:
31 March 2017 at 8:54

Are bond credit life cover premiums tax deductible against rental income? Credit life cover is compulsory, as per the bond approval pre-agreement.

TaxTim Neo said:
31 March 2017 at 9:18

Homeowner's insurance will be deductible for tax purposes against this rental income you earned.

This entry was posted in Tax Q&A and tagged Deductions, Rental Income. Bookmark the permalink.

Blog Categories

Salary / IRP5 (4,706 posts)
Independent Contractor (999 posts)
Provisional Tax (676 posts)
Medical (968 posts)
Capital Gains (409 posts)
Donations (247 posts)
Deductions (3,828 posts)
Commission (1,056 posts)
Rental Income (974 posts)
Retirement (1,045 posts)
Dividends (1,047 posts)
Depreciation / Wear and Tear (354 posts)
Penalties (785 posts)
Travel Allowance (771 posts)
Audit / Verification (2,677 posts)
Tax Threshold (497 posts)
Foreign employment income (204 posts)
SARS & eFiling (2,111 posts)
Company Tax (2 posts)
Foreign Investment (1 posts)
PAYE & UIF (54 posts)
Source Code (2 posts)
Foreign Income (2 posts)
TaxTim in the Media (1 posts)
Tax Tables (3 posts)
Financial Literacy Series (3 posts)
Top 5 Weekly Questions (1 posts)
Cryptocurrency (3 posts)
Residency (1 posts)
Auto-Assessments (1 posts)

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.

New to Tax? Start Here

Living or Working Overseas

Earning Extra Income

Claiming & Deductions

SARS & eFiling

After You File

Company (Pty) Tax

Quicks Links

Retirement

Bond credit life cover premiums

Blog Categories

Ask TaxTim