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Make sure the new loan is a separate sub account and solely drawn and repaid by share transactions. No complexity then. Its then a margin lending facility of sorts PROVIDED you buy income producing shares. If you buy shares that don't pay divs the interest isn't deductible.

The portion of interest must be deducted against the character of the income. For example lets assume your 2015 interest is 100% deductible for shares and rental. The rental interest deduction is claimed in a different part of the return. Sure you can apportion it today. But later it will be...