Debit interestBy Alicia Human · Updated 8 July 2017Millicent said:8 July 2017 at 14:08I receive an IT3(b) Certificate from FNB but there's no credit interest earned only debit interest paid.Does that get included on the tax return?TaxTim Alicia said:8 July 2017 at 15:21Debit interest is not included as this is regarded as interest paid on debt and not interest earned on income you had.Rental IncomePenalties
Millicent said:8 July 2017 at 14:08I receive an IT3(b) Certificate from FNB but there's no credit interest earned only debit interest paid.Does that get included on the tax return?TaxTim Alicia said:8 July 2017 at 15:21Debit interest is not included as this is regarded as interest paid on debt and not interest earned on income you had.
