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Re: Re: Re: [sharechat] Aussie taxation - a bit of elucidation

From:	"Stephen Lukey" <slukey@paradise.net.nz>
Date:	Tue, 8 May 2001 18:22:48 +1200

Hi Athol

Not if you buy shares for the purpose of dividend income (ie the interest is an expense in earning the dividend income). It's really no different than claiming an interest deduction for money borrowed to buy a rental property where the interest is an expense in earning the rental income.

So just to clarify, if investing in Aussie shares it would be better to invest in low dividend, as opposed to no dividend shares so at least there is some income to which the interest deduction relates.

Steve

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