Common Australian Tax Deductions for Share Investors
If you’re a share investor in Australia, 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