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Tax on leased property?

Posted 25 June 2013 under Tax Questions

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I rent out my property but still pay a bond. This is not my primary residence. Do I still need to pay tax?

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

TaxTimTaxTim says:
25 June 2013 at 12:18

You would pay tax on the rental income less any allowable deductions such as interest and other expenses you have related to the income earned.


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