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How SIPP volte-face left us with GDCVs

By: Language: English Series: Property Forecast ; 9(5) May 2006, 4-5(2)Publication details: 2006Subject(s): Summary: Discusses HM Treasury's reversal of its decision that residential property is eligible for Self-Invested Personal Pensions. Reviews the new proposition of the Genuinely Diverse Commercial Vehicle (GDCV). Outlines the qualifying conditions for GDCVs. Points out that the burden of proof that a fund provides no non-pension benefit rests on the vehicles, and mentions the problems this may cause.

Discusses HM Treasury's reversal of its decision that residential property is eligible for Self-Invested Personal Pensions. Reviews the new proposition of the Genuinely Diverse Commercial Vehicle (GDCV). Outlines the qualifying conditions for GDCVs. Points out that the burden of proof that a fund provides no non-pension benefit rests on the vehicles, and mentions the problems this may cause.