I have used a debt recycling strategy by borrowing against my home to invest in a share portfolio. However, I have made some profits from my shares and I want to use some of the capital gains made and dividends earned to continue paying down my home loan (ideally the non-deductible part) and use some for some personal expenses (e.g. a family holiday).
In that instance, what would be the impact on my investment loan? How do I properly document this too?
Also, I have started to sell call options on some of my share to generate income and also want to know what happens if I withdraw some of that income too? I might need to do so to pay off the tax payable caused by this strategy?
TIA
Damien
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1,764 views3 replies
3 replies
1,764 views
3 replies