Is life insurance to secure a bond tax deductable?

Are bond insurance premiums tax deductible? This is in relation to rental properties where banks or financial institutions require bond insurance to cover the bond. Is this amount tax deductible as an expense to generating the rental income?

Are you referring to life insurance?

Yes its life insurance.Its meant to pay out the bond should you pass away.

Unfortunately that will not be tax deductible as it is seen as part of the capital raising not the actual income earning portion. The lumpsum paid will also not be taxable in the event of death.