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Matt says: 27 October 2015 at 12:43 Can I claim interest paid on a bond as an expense for an investment property where I receive rent. Will that differ for the interest paid on a bond for an empty stand (also investment) where no rent is received yet? |
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TaxTim says: 28 October 2015 at 6:43 You can claim interest against the rental income yes. With the property that is empty, are you actively seeking a tenant for the land? |
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Matt says: 28 October 2015 at 8:48 It is an empty stand in an estate. We have a buyer that wants to build, he will start paying occupational rent as soon as he starts, but that might take 12 months. |
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TaxTim says: 28 October 2015 at 16:52 Unfortunately then you will not be able to claim the interest as you are not actively seeking a tenant, but looking to sell. When the occupational rent comes in then you may be able to claim the interest then against that rent. |
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