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Should interest on your home loan be deducted from your rental income?

Posted 12 November 2014 under Tax Questions

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Trying to complete the rental income sections: Did you incur any expenses while earning this rental income?
Does interest on the home loan need to be included here?

Which amounts exactly?

This entry was posted in Tax Questions and tagged , , , , . Bookmark the permalink.

TaxTimTaxTim says:
12 November 2014 at 21:41

Yes it does, the interest would go under the finance costs, the actual bond repayments are not deductible for tax purposes.


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