Commercial property SIPP advice

Mar 15, 2007 1 Replies

I have a shop which we own outright. In the summer we are going to start trading in a partnership. The business partnership will lease the shop from us.



Can I transfer the shop into a SIPP, thereby avoiding income tax on the rent payments. Are there any other tax breaks I could gain (I haven't made any pension contributions for the last couple of years)



Thanks



Yes

Carry back/forward has been replaced by large lifetime contribution limits, I believe.

Daytona

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