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If I delete a character and create a new one what will I lose and what will I keep? Will all the extras[horse, etc} you get with the Imperial Edition still be available or no?
When you delete a character you lose everything ON THAT CHARACTER (Crown store such as riding lessons) horses bought from the crown store are binded to your account, you should keep your imperial edition.
The one other thing, account unlocks from that character, like dyes or costumes won't be lost... except, if they retroactively add new stuff further down the line, (like, for example Cadwell's Helm) you'd have to re-earn those bonuses on another character.
So, if you had a character who'd finished Cadwell's Gold, last year, and then deleted them before the TG patch dropped, you'd miss out on that, and need to finish the quest again.