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


Claim full loan premium vs only interest paid



For investment properties, how do I declare the full debit order amount as a loss, instead of only the interest paid on the loan?

TaxTim TaxTim says:
21 November 2014 at 16:50

You cannot, only the interest payable is allowed as a tax deduction.

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.