|
Nic says: 26 November 2015 at 21:14 I am selling a rental house. Will the interest on my bond over the period of ownership be part of the base cost? |
|
TaxTim says: 26 November 2015 at 22:14 No that was deductible against the rental income earned. |
|
|
Nic says: 30 November 2015 at 15:57 What is I stayed in the house for a period and did not rent it out? Will the intrest on my bond for that period then be a part of base cost? |
|
|
TaxTim says: 1 December 2015 at 8:40 No, interest on bond payments will never be part of the base cost. If you did any renovations or improvements, these would be added to the cost. |
