SIPPing pretty
Wootten, Dean
SIPPing pretty - 2005 - Taxation 18 August 2005, 546-548(3) .
Sets out the background to and advantages of holding residential property in a self-invested personal pension (SIPP). Warns that whilst a SIPP is tax free in the UK investors will need to target overseas countries with low tax rates to maximise the benefits as these will still have to be paid. Recommends against buying furnished holiday lets, which already have tax benefits, via a SIPP or transferring existing buy to let portfolios to a SIPP as this results in Capital Gains Tax and Stamp Duty Land Tax liabilities.
SIPPing pretty - 2005 - Taxation 18 August 2005, 546-548(3) .
Sets out the background to and advantages of holding residential property in a self-invested personal pension (SIPP). Warns that whilst a SIPP is tax free in the UK investors will need to target overseas countries with low tax rates to maximise the benefits as these will still have to be paid. Recommends against buying furnished holiday lets, which already have tax benefits, via a SIPP or transferring existing buy to let portfolios to a SIPP as this results in Capital Gains Tax and Stamp Duty Land Tax liabilities.