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Are Bond cost taxable

Posted 14 June 2016 under Tax Q&A
Neelo says:
14 June 2016 at 13:22

I applied for a further bond and would like to find out whether bond cost are taxable or not

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TaxTim TaxTim says:
14 June 2016 at 13:39

The costs for registering a bond or extending a bond have nothing to do with you personal income taxes.
There may be some transaction taxes, like transfer duties or stamp duties, but that will be dealt with by the bank or the lawyers assisting with the bond.


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