Hi guys I have a line of credit in my name only. My partner wants to bid at an auction this Saturday. He can get funds for the deposit, but not as soon as this Saturday. If I transfer money in my LOC to his bank account for him to pay for the deposit on Saturday to buy IP in his name only, what are the tax and accounting implications for me? Will I incur an interest charge on the LOC? Does it get direct debited from my other account or do I need to physically repay into it? Is any interest charge incurred on the LOC (due to transfer of money to partner) tax deductible when I do my personal tax return? Only signed up for a LOC recently and never touched it ... so not 100% across how it works. Thank you all in advance.