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Property Advice Needed

I have a few thousand that i want to invest in property within my pension fund.

My mother and father in law have the chance to buy there council house at the maximum discount. The best solution would be for the fund to purchase the house and for them to stay rent free however this would require them to buy the house first and then sell to to the fund i guess.

Are there any laws against them selling a house cheaply ,i.e. if they bought for 44K against a market worth of 80K (due to discount) and then sold to the fund at 44K would that be a problem ?

Also what are the implications of them staying rent free as far as pension fund rules, the investment for the fund would be the 50% return in value when they pass on.

Any advice would be more than welcome

Reply to
markiehill
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Since GB's change of mind at the last budget (or was it the pre-budget report) you can't do this (you never could, but it was due to be allowed from April 2006, but is no more).

The only property that you can put into a pension is commercial property and property under development that is unfit to be lived in.

Note that commercial property doesn't include individual holiday homes.

tim

Reply to
tim (in sweden)

They'd have to repay the discount if it was resold within 2 years. (or it might be 5 now? Not sure if thats just the mini time to live in it before you can buy.)

A home is for living in.

Reply to
mogga

In message , "tim (in sweden)" writes

You can put it in, but you dont get any tax beaks on it. But it was a silly idea anyway.

Reply to
john boyle

You can purchase the house jointly with you arranging the mortgage or financing it yourself, however they are restricted in selling in the pre-emption period.

Safaraz

Reply to
easy 4 life

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