Hello,
I am currently thinking of borrowing (via equity on PPOR) to invest in shares and would like to confirm if it follows the same principal as debt recycling, that is, the interest paid on the loan used to purchase the shares is tax deductible.
I would also like to confirm if this deduction (if applicable) is able to be claimed yearly? I sought some advice and was told it can only be claimed when the assets are sold.
Thank You
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1 replies
441 views
1 replies