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Should interest on your home loan be deducted from your rental income?

Posted 12 November 2014

Trying to complete the rental income sections: Did you incur any expenses while earning this rental income?
Does interest on the home loan need to be included here?

Which amounts exactly?

TaxTim Marc TaxTim Marc said:
12 November 2014 at 21:41

Yes it does, the interest would go under the finance costs, the actual bond repayments are not deductible for tax purposes.

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