Just reading something in the Manchester Evening News about buy to lets ... "Buy to let properties will soon form part of a Self-Invested Pension Scheme, which reduces tax penalties."
Whats all that about then? And is it a good idea? (and where's that crash?)
Residential property (apart from PPR) may be allowed in SIPPs from
06/04/06. Search the IR site."mogga" wrote
What crash??!
In message , mogga writes
NO.
IMO you should 'buy to let' to obtain a rental yield, not for a possible appreciation in value. Buy to Lets are great for post retirement planning, cos you can live of the rents n your dotage. But in a SIPP, just when you are ready to benefit from the rents, you've got to sell them (admittedly with no CGT, which is the tax bit they are talking about) and then buy a bloody annuity!
You could delay the annuity purchase (up to age 75) by using "Drawdown"?
In message , Doug Ramage writes
A brick at a time? :-)
Have something to add? Share your thoughts — no account required.
Ask the community — no account required