Study loans - how does it work for tax?

By Marc Sevitz · Updated

DC

DC said:
15 June 2015 at 8:36

If I took out a personal loan to pay for a course on the internet to further my studies, can I claim anything back on the loan. The course is in a different line of work so the company will not pay for it. Regards
TaxTim Marc

TaxTim Marc said:
15 June 2015 at 9:04

You borrowed money from the employer or the bank?
DC

DC said:
17 June 2015 at 9:15

Hi Tim

I borrowed money from the bank, but personal loan and not a study loan.

Regards
TaxTim Marc

TaxTim Marc said:
17 June 2015 at 12:24

Unfortunately this is a personal transaction so you cannot deduct anything against this.