I'm changing my IP equity release loan to IO and there is a fee involved. Can I pay from my redraw without affecting my taxability.
Also I'm with ING and I'm changing to Orange advantage so I can have a offset account with my PPOR. Also there is a fee involved can I pay that from the redraw that I have on this loan. I'm not sure if this PPOR will ever become an IP in the future but I don't want to effect taxability in the future either
These are a couple of mistakes from my last broker
Thanks
Also I'm with ING and I'm changing to Orange advantage so I can have a offset account with my PPOR. Also there is a fee involved can I pay that from the redraw that I have on this loan. I'm not sure if this PPOR will ever become an IP in the future but I don't want to effect taxability in the future either
These are a couple of mistakes from my last broker
Thanks