Is loan repayments taxable?

By Alicia Human · Updated

Ntombi

Ntombi said:
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 Alicia

TaxTim Alicia said:
10 June 2016 at 17:06

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