Ask Noel: Gearing into super?

Updated June 1 2018 - 1:06pm, first published 11:51am
Ask Noel: Gearing into super?
Ask Noel: Gearing into super?

I have a $300,000 mortgage on an investment property worth $500,000, which is breaking even and not providing any negative gearing benefit. I am thinking of refinancing the loan and borrowing an extra $100,000. I would then invest $50,000 in shares and contribute $50,000 to my super. Would I be able to claim this as an investment cost and regain the negative gearing benefit for the property, given I am using the funds for investment purposes, although not for property investment?

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