Debt recycling - selling and buying same shares

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 · Accepted Answer

CaroATO · Answer

When you sell your shares a capital gains tax event will be triggered. If the $300,00 in investments is sold and the money is used to buy investments, yes once the eligibility criteria is met you can claim deductions such as interest. A similar question has been asked on this forum, check out the answer (https://community.ato.gov.au/s/question/a0J9s0000001HKB/p00042897).

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