Hi againA lot of us own shares that produce income (dividends)...

Hi again

A lot of us own shares that produce income (dividends) and have loans against those shares that interest is incurred on.

The dividends are assesable income, the interest is an allowable deduction and the difference 'loss / profit '(whatever we want to call it) either increases taxable income or reduces it.

That is 'negative gearing ' on shares - no special treatment just treated under the general provisions of the ITAA.

To cease this would require the introduction of special provisions.

Have been out of tax for a while but I don't think it has changed

all the best