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Study loans - how does it work for tax?



DC says:
15 June 2015 at 8:36

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards

TaxTim TaxTim says:
15 June 2015 at 9:04

You borrowed money from the employer or the bank?

DC says:
17 June 2015 at 9:15

Hi Tim

I borrowed money from the bank, but personal loan and not a study loan.

Regards

TaxTim TaxTim says:
17 June 2015 at 12:24

Unfortunately this is a personal transaction so you cannot deduct anything against this.

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