SIPPing pretty
Language: English Series: Taxation ; 18 August 2005, 546-548(3)Publication details: 2005Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L130703 (Browse shelf(Opens below)) | 1 | Available | 130703-1001 |
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.