FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Increasing rental property loan to reduce home loan?

Posted 24 May 2016

Taxhelp says:
24 May 2016 at 14:13

Is it possible to take some equity out of our rental property by increasing our loan on that property to put against our home loan and would the increase in interest on our rental property loan still all be tax deductible?
TaxTim TaxTim says:
24 May 2016 at 15:17

Yes the interest would be deductible as this is going towards the repayment of the loan on your rental earning income property.

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



Blog Categories


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.