Thank you both for your help, I will take both of your advice to my tax guy to explore what the best options is for us.
i also have another quick question if you don't mind.
Q When borrowing from a bank to buy shares. Obviously the interest is claimable as a loss against any income(dividends) from the shares(investment). To make this tax deduction on interest allowable, do the shares actually have to produce an income(dividends)????
The reason I ask is I remember there being some grey area around if you bought a vacant block of land with nothing built on it you couldn't negative gear and claim the interest as it's not producing any income. I might have that totally wrong but I'm sure you guys sort of know where I'm coming from.