2) Avoid ever again paying capital gains tax or income tax on your property profits.
3) Reduce the income tax on your entire salary or business profits to zero.
We have discussed this before.
If you live in the house, you have to pay rent to the pension fund to live in it.
In order to reduce the income tax on your salary or profits to zero, you would have to pay all your income / profits into the fund as a pension contribution, leaving nothing to live on.
There is a new lifetime limit on the size of the pension fund.
You have to pay tax to take money out the pension fund. If the fund goes above the lifetime limit, that tax could be more than the tax relief you got when you paid the money in.
If it sounds too good to be true ...
Sorry Jonathan I missed that discussion. Our factory-owning neighbour was unable to develop his factory last year because we wouldn't sell him our garden (for a pittance). This year things have changed and we *have* to sell, he says his accountant has advised him to buy property, I guess he would buy it to let it until such time as he needed the garden.
I'll refer to Google.
This works for me -
Daytona
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