Hi, I've been thinking of doing debt recycling and have two questions. First one is simple, as I already have a split loan.
1. Is it really as simple as this; pay off home loan offset down to zero, redraw funds to brokerage account and then buy shares? Then, I can claim the interest as taxable? Am I missing anything?
2. This query is for later down the track.....
Context: Say you had a 500k loan and 200k in shares. You then split your loan to a 300k and a 200k loan. Also, your shares are all, say, VAS.
If you sell all your shares purely for debt recycling (ie, sell 200k VAS shares, re-buy ~200k VAS a few days later), are there any consequence other than potential tax and price fluctuation?
Thanks, Slob.