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Property SIPPs
A Property SIPP It is an ideal vehicle to invest in commercial
property and from 6th April 2006 residential property can
form part of your SIPP. All rental income is not subject to
Income Tax and when the property is sold no Capital Gains
Tax is payable. With proper planning based on sound financial
advice it is possible to structure your SIPP so that no Inheritance
Tax is payable.
Property and pension are both are long-term arrangements and
so a Property SIPP is the ideal investment. Those people who
have built up Buy-to-Let portfolios 'instead of a pension'
will legitimately be able to put these into a SIPP, provided
they have sufficient funds in their SIPP - and remember that
a SIPP can take out a mortgage! This they can do by setting
up a SIPP now and making contributions, both company and/or
personal, and transferring funds from other schemes or insurance
arrangements. They should take independent advice about this
and also about how to manage any Capital Gains Tax they may
already have accumulated.
MW Pensions Limited are specialists in property SIPPs, especially
in property syndication, which is becoming increasingly popular.
This is where groups of people, for example professional partners,
collectively buy property, often their own premises. Increasingly
"unconnected" investors are being brought together
by an IFA to form property investment SIPP syndicates. The
benefits of this approach are that it is possible to buy larger
properties, with better leases and tenants and also to share
costs.
If required we can introduce you to lawyers who specialise
in property syndication and commercial property conveyancing.
Unlike most SIPP providers, we are not tied to any specific
bank. We have excellent relationships with a number of high
street banks who provide high interest current access bank
accounts and competitive and flexible mortgages. Alternatively
you can use your own bank.
We
have a number of SIPP Property leaflets.
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