Tax on leased property? By Marc Sevitz · Updated 25 June 2013I rent out my property but still pay a bond. This is not my primary residence. Do I still need to pay tax? TaxTim Marc said:25 June 2013 at 12:18You would pay tax on the rental income less any allowable deductions such as interest and other expenses you have related to the income earned.Capital GainsDeductionsRental IncomePenalties
I rent out my property but still pay a bond. This is not my primary residence. Do I still need to pay tax? TaxTim Marc said:25 June 2013 at 12:18You would pay tax on the rental income less any allowable deductions such as interest and other expenses you have related to the income earned.
