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  • Interest



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    If you borrowed money to buy shares you will be able to claim a deduction for the interest incurred on the loan, provided it is reasonable to expect that assessable dividends will be derived from your investment in the shares. Where a loan was obtained for more than one purpose, you will only be able to claim interest incurred on that part of the loan used to acquire the shares.

    Last modified: 05 Dec 2006QC 16138