Normal
No, you are correct, humble apologies. If you received dividends (ordinary income) then you can claim the margin loan interest as a general deduction. If no ordinary income is received then add the interest to the cost base.Either way the end result is the same.I was thinking in terms of capital assets in general when writing that line. For example if you buy a piece of equipment for $50K with a loan, use it, then sell it for $75K, you add the interest on to the cost base to claim the deductible expense.No, it depends on the expense. It's complicated, and depends on your situation. I don't have the time now, but will come back and elaborate.
No, you are correct, humble apologies.
If you received dividends (ordinary income) then you can claim the margin loan interest as a general deduction. If no ordinary income is received then add the interest to the cost base.
Either way the end result is the same.
I was thinking in terms of capital assets in general when writing that line. For example if you buy a piece of equipment for $50K with a loan, use it, then sell it for $75K, you add the interest on to the cost base to claim the deductible expense.
No, it depends on the expense. It's complicated, and depends on your situation. I don't have the time now, but will come back and elaborate.
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