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