Aluxury n'rotor cruiser that he has moored at the Manly 1r'acht club. He purchased the boat in late Ed for $11DJJU-D. He sold it on 1 Iune of the current tar-r year to a local boat broker for $E,l]. [in 5 June of the current tan year he sold for $3D,DDI] a parcel of shares in a newly listed mining company. He purchased these shares on 1D January of The current tar-r year for WEDGE]. He borrowed $T'D to fund the purchase of these shares and incurred $SJDDU in interest on the loan. He also paid $T5I] in brokerage on the sale of the shares and $250 in starnp duty on the purchase of these shares. Dave has contacted the ATE} and they have advised hirn that the interest on the loan will not be an allowable deduction because the shares are not generating any assessable incorne