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Homeloan interest payments or the whole repayment

Posted 8 February 2015 under Tax Questions



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SARS have asked me to take a look at my 2014 return and to correct any "errors" that I find. I receive property rental income. I have a bond on that property. Should I list the interest portion of my bond repayments under "interest" and am I able to claim the balance of the repayments under other? I seem to have entered those figures incorrectly, which may be what is bothering SARS.

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TaxTimTaxTim says:
8 February 2015 at 20:25

You are only allowed to claim the interest, not the rest of the capital repayment of the bond as this is just a repayment of the loan.


Ali says:
9 February 2015 at 14:12

Thanks for the prompt responses to all queries.


TaxTimTaxTim says:
10 February 2015 at 20:36

Only a pleasure!


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