Margin Lending with regards to taxation

[castelinop]

All the interest would be deductible in your situation. IF you interest was greater than your dividend income, you would have a loss which would be offset against you other income. Imputation credits will also reduce your tax liability.

Shasta - I think the $250 fee to ASB is only payable if your interest bill is below a certain amount.

Thnx for clarifying CJ. I read that if your interest charge is more then $400 for the previous year you will not incur the $250 fee.

[shasta]

Thnx for clarifying CJ. I read that if your interest charge is more then $400 for the previous year you will not incur the $250 fee.

Just trying to remember, when i was highly leveraged i didnt pay the fee, when i wasnt using much margin i did, still cheap to access more capital & well worth it