SIPP

[pjclar02]

Hello

Possibly not specifically a tax question - but does anyone have practical experience of a SIPP acquiring a property to be used as a bed and breakfast? My initial research suggests that this may not be allowed as the SIPP member would derive a benefit from the property as he would have personal living areas.

I'm awaiting a response from our IFA with their thoughts, but in the meantime wondered whether anyone had come across this before.

Any thoughts very much appreciated.

Best wishes

Paul

[section 44]

This would be prohibited for the reasons that you state.