Sure if your talking borrowing to buy shares, hardly anyone does this compared to property. If it were up to me I wouldnt allow interest losses on shares to be tax deductible against income either
The big difference is by allowing people to do this makes it a better investment to buy an overpriced property than it does for an owner occupier, it doesnt really have that affect on shares.
More importantly though people need houses to live in, i dont care if people speculate on shares but shelter is a whole different ball game
Rates or home ownership[ are at their lowest since records began...do you think this is good for society?
capital losses from shares can't be used to reduce your taxable income
imo the only interest that people should be able to claim is for people who are in the business of production ie farmers and business types ie creating something new ie building a new property not flipping old stock
