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Is loan repayments taxable?

Posted 10 June 2016

Ntombi says:
9 June 2016 at 20:51

I own a business where I borrowed money to buy the business. Will I pay tax on the capital portion of the loan repayment.

TaxTim TaxTim says:
10 June 2016 at 17:06

No you will not, capital repayments are not subject to tax.

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