SIPP - Buy to let property

clifftopcharlie@hotm · Postby **clifftopcharlie@hotm** » Mon Oct 04, 2004 11:52 am

Are you able to hold a Buy to Let propery within a SIPP.

Thank You.

cranleys · Postby **cranleys** » Mon Oct 04, 2004 2:21 pm

SIPPs on Residential are still being finalised

we hope so in 2006.

Commercial property today - Yes.

Colin Davison
Editor for Property Tax Secrets

Cranleys Chartered Accountants
31 Goose Green HOOK
Hampshire RG27 9QY

Interested in Property Tax?
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colin@cranleys.co.uk
01256-766655

moonshine · Postby **moonshine** » Tue Oct 05, 2004 7:24 am

Dear Cliff Top Charlie,
Currently you cannot hold residential property within a SIPP.

The good news is that Finance Act 2004 will change this (and many other aspects of pensions!). At the moment this will be with effect from April 2006 (However, word on the street is suggesting this may be delayed again to Apr 2007 Â– It was originally Apr 2005 so fingers crossed)

This will shelter rental income from income tax and the eventual disposal of property from CGT.

Hope this helps!