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Bond credit life cover premiums

Posted 31 March 2017

Sam said:
31 March 2017 at 8:54

Are bond credit life cover premiums tax deductible against rental income? Credit life cover is compulsory, as per the bond approval pre-agreement.

TaxTim Nicci TaxTim Nicci said:
31 March 2017 at 9:18

Homeowner's insurance will be deductible for tax purposes against this rental income you earned.

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