SIPP Plans Shelved

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    • #51417
      Anonymous
      Participant

      Seems from the news this morning the government has shelved plans to launch SIPP’s and people won’t be able to add property to a pension plan

      http://news.bbc.co.uk/1/hi/business/4501138.stm

    • #60155
      Anonymous
      Participant

      I think that is a good thing. Only the rich would benefit from this. It was a “discriminatory” pension plan, IMO.

    • #60157
      Anonymous
      Participant

      It appears to be still attractive to investors as no capital gains tax will be payable on an increase of property value, and no tax on rental income.

    • #60158
      Anonymous
      Participant

      damn 😥

    • #60159
      Anonymous
      Participant

      There was a big doubt (and may still be) as the whether this is applicable in Spain as there is nor reciprocal tax arrangements. So you may get tax relief in the UK but not in Spain

      Regards
      Kevin

    • #60160
      Anonymous
      Participant

      @BOB-B wrote:

      It appears to be still attractive to investors as no capital gains tax will be payable on an increase of property value, and no tax on rental income.

      Wouldn’t you would have to pay tax on rental income in Spain?

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