Hi Everyone, What is the tax consequences under Protected Equity Loan if: (1) at the end of the term, my portfolio of shares value have gone up and i decided to sell the portfolio and the proceeds i use to repay the equity loan and keep the balance. (2) at the end of the term, i transfer the shares to the lender in full satisfaction of the debt as a result the portfolio worth less.
These sorts of things have product rulings usually. 1. capital gain 2. capital loss - probably neutral before costs though