Common Australian Tax Deductions for Share Investors

Part of the Tax for Australians For Dummies Cheat Sheet

If you’re a share investor, to qualify for a tax deduction with respect to dividend payments, a direct and relevant connection must exist between the expenditure you incur and the dividends you receive.

Here are some examples of the types of expenditure that meet this key test in Australia:

  • Interest on borrowings to buy shares that pay dividends

  • Internet access costs incurred for share trading

  • Newspapers and journals that provide information to manage a share portfolio

  • Travel expenses to consult with a stockbroker or attend a company annual general meeting

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Tax for Australians For Dummies Cheat Sheet