If I withdraw money from PPR mortgage and invest in shares, is the interest on this mortgage tax deductible? If so, is it calculated on the amount withdrawn? Or on the total of the mortgage value?
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Yes - if they are shares likely to produce income.
Interest is calculated as a proportion of total interest - see https://www.ato.gov.au/law/view/pdf/pbr/tr2000-002.pdf
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Yes - if they are shares likely to produce income.
Interest is calculated as a proportion of total interest - see https://www.ato.gov.au/law/view/pdf/pbr/tr2000-002.pdf
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