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


Study loans - how does it work for tax?



DC says:
15 June 2015 at 8:36

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards

TaxTim TaxTim says:
15 June 2015 at 9:04

You borrowed money from the employer or the bank?

DC says:
17 June 2015 at 9:15

Hi Tim

I borrowed money from the bank, but personal loan and not a study loan.

Regards

TaxTim TaxTim says:
17 June 2015 at 12:24

Unfortunately this is a personal transaction so you cannot deduct anything against this.

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.