We have three IPs. We used equity loans from IPs 1&2 to fund deposit forIP3.
I'm trying to calculate total incomings and outgoings for each IP.
My question is: against which property do I put the interest on the equity loan as an outgoing? Is it against the IP its secured against OR is it against the IP it was used to BUY?
I would think against the one we used to buy, the logic being that if we hadn't bought it, there'd be no extra loan needed.
But it could be against the security property, coz if we sold that IP, we'd have to pay out that equity loan. Wouldn't we?
Thanks
I'm trying to calculate total incomings and outgoings for each IP.
My question is: against which property do I put the interest on the equity loan as an outgoing? Is it against the IP its secured against OR is it against the IP it was used to BUY?
I would think against the one we used to buy, the logic being that if we hadn't bought it, there'd be no extra loan needed.
But it could be against the security property, coz if we sold that IP, we'd have to pay out that equity loan. Wouldn't we?
Thanks