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Hi how do I Declare rental income on my tax form?

Posted 5 December 2014

How do I declare rental income on my tax form? If my rental income is less than my bond, municipal and levy costs do I have to declare as I am at a loss?

TaxTim Marc TaxTim Marc said:
9 December 2014 at 8:18

Your bond is not tax deductible only the actual interest paid. You would declare the rental income/loss on the "local business income" section of your return.

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