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Is interest income taxable?

Posted 25 February 2016

Jad said:
25 February 2016 at 10:49



I have a money market account. Is the interest taxable?

TaxTim Nicci TaxTim Nicci said:
25 February 2016 at 12:39

You would deduct R23 800 or R34 500 depending on whether you are under 65 years or over 65 years of age.

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