Will I pay tax on my rented house if I use that money to rent a house in another area?
By Marc Sevitz · Updated
If you are earning income from renting a house then you will pay tax on this amount. If however you use that money to pay a interest on a bond for another house which you rent out again and earn income then you can deduct the interest for tax purposes against the income earned.
However you cannot make claims for personal expenses such as rent on your own home.
However you cannot make claims for personal expenses such as rent on your own home.