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


Can company expense bond related expenses for property owned by director but used & paid by company?



B&B says:
7 July 2016 at 10:52

I bought property in my personal name and started a B&B which is registered as a PTY. Can the PTY expense the interest on the bond and the bond installments since it utilises the property and pays for it even though it is registered in my name?

TaxTim TaxTim says:
7 July 2016 at 11:23

Your PTY cant claim the expense, as the property is in your personal name and the PTY is a separate entity.

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




Submit your tax return right here!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

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!

Get started

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.