Can I deduct the interest on a loan used to buy shares?

No. People can't take interest off a capital gain (Taxes Consolidation Act 1997, s.552(3)(b)). It can't come off exit tax on funds either.

What is a margin call?

Your investments may fall so far that your own share drops below the lender's minimum. Then the lender asks for more money or sells your investments, often at the worst time.

Investing

Borrowing to invest: what it does to your returns

See how borrowing to invest magnifies gains and losses, after interest you can't deduct and Irish tax on the gain.

Self-assessment tool. The figures come from your own answers. It isn't advice, and you're responsible for what you file or claim. heypenny.ie is a trading name of Kinch Press. Read the disclaimer.

Common questions

Can I deduct the interest on a loan used to buy shares?: No. People can't take interest off a capital gain (Taxes Consolidation Act 1997, s.552(3)(b)). It can't come off exit tax on funds either.
What is a margin call?: Your investments may fall so far that your own share drops below the lender's minimum. Then the lender asks for more money or sells your investments, often at the worst time.

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