How tax deductions for investment work

By Noel Whittaker
Updated August 22 2017 - 5:05pm, first published 4:20pm
Photo: Simon Letch
Photo: Simon Letch

Let's assume I borrow $100,000 against my property to buy shares. I understand that the interest on the loan will be tax deductible because the purpose of the loan was for investment. What is the position if I sell the shares in the future and use the proceeds for a private purpose; is the interest on the original $100,000 loan still tax deductible?

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Cessnock news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.