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Loans on my tax return?

Posted 24 February 2016 under Tax Q&A


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Carmen says:
23 February 2016 at 8:22

Do I need to reflect loans and repayments when capture income and expenses?

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

TaxTim TaxTim says:
23 February 2016 at 23:08

Not if they are merely transfers of money in and out with no effect on your incomes or expenses. Interest paid or received would have to be recorded though.

Carmen says:
24 February 2016 at 9:35

thanks!!!!

TaxTim TaxTim says:
24 February 2016 at 13:11

Only a pleasure!


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Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!