Ahh Terry raises a great issue.
Non-residents dont pay any $AUS tax on ff divs. Only a 10% withholding on unfranked divs. Also non-residents dont pay ANY CGT on share profits unless you are Rupert Murdoch etc. (You need to own 10% + of the listed company)
BUT this may mean no taxable...
Have to agree with other replies. Just because you can deduct interest doesnt mean you are "making $". Logically if your loan costs 5% then you need to target a return which is well above 5% just to break even. Otherwise its an exercise in futility. Losing money to save tax is just dumb. Doing...
