DECEMBER NEWSLETTER: The Pre Budget Report (PBR)
Well now we know! Even by the standards
of politicians, that was quite a U-turn. Dealt with in the
actual speech as one throwaway line. Very annoying.
Rather than dwell on what might have been,
we prefer dealing with the new scenario that now faces us.
The attached Newsletter deals in detail with the actual
changes, as you would expect, but we also felt it appropriate
to revisit what is still going to happen on 6th April 2006,
to put the PBR into context. The Newsletter also summarises
this.
‘A Day’ is till a major event
offering major opportunities. SIPPs will be an attractive
proposition to many more people with or without residential
property.
Going forward there are still opportunities
for investors with an appetite for property, for example:
Commercial property UK and Overseas.
Overseas hotel developments instead of apartment developments.
Syndicates
Property funds – UK and Overseas.
REITS (we’ll reserve judgement!).
Obviously none of the above will permit
personal use, and a good thing too. Any asset going into
a SIPP is an investment. It was never a cheap way of buying
a holiday home, despite all the hype to the contrary.
It is our intention to continue to work
with like-minded professional companies to continue to develop
mutual business opportunities, particularly in the Property
Sector.
If you would like to discuss any of this
please don’t hesitate to contact us.
PS. We’ve also attached a Newsletter
on the Turner
Report. That’s quite important too.
Regards
Chris Williams
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