Rich pickings
Birch, Julian
Rich pickings - 2005 - Roof 30(3) May/June 2005, 22-23(2) .
Reports on two outcomes of the 2005 budget that will affect the housing market: the cut in stamp duty to assist first-time buyers and allowing the purchase of residential property by holders of Self-Invested Personal Pensions (SIPPS) from 6 April 2006. The two groups could come into unintended competition for the same properties with the high-earning pension investor winning out. Explains what SIPPS are and what they will be allowed to invest in. Presents a range of professional opinions on the SIPPS initiative including criticisms. The potential value of the SIPPS market is estimated to be between £1bn and £4bn.
Rich pickings - 2005 - Roof 30(3) May/June 2005, 22-23(2) .
Reports on two outcomes of the 2005 budget that will affect the housing market: the cut in stamp duty to assist first-time buyers and allowing the purchase of residential property by holders of Self-Invested Personal Pensions (SIPPS) from 6 April 2006. The two groups could come into unintended competition for the same properties with the high-earning pension investor winning out. Explains what SIPPS are and what they will be allowed to invest in. Presents a range of professional opinions on the SIPPS initiative including criticisms. The potential value of the SIPPS market is estimated to be between £1bn and £4bn.