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