Bond credit life cover premiums

By Nicci Courtney-Clarke · Updated

Sam

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.