Interest and dividend deductions

What you can claim

You can claim a deduction if you are able to show that the expenses were incurred in earning interest and dividend income.

Your expenses might include:

• account-keeping fees or management fees
• interest charged on money borrowed to purchase shares.

You cannot claim a deduction for:

• expenses incurred in deriving an exempt dividend or other exempt income
• expenses relating to a first home saver account.

Last Modified: Tuesday, 30 June 2009