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Brown Calls For Sipps To Be Regulated

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A good first step!

Next step, to delay the introduction of residential property in SIPPS.

Final step, to cancel it.

:lol:

Edited by Jason

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A good first step!

Next step, to delay the introduction of residential property in SIPPS.

Final step, to cancel it.

:lol:

I reckon he'll announce a delay to the SIPP changes in his Autumn statement, pending the introduction of the Regulations in 2007.

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Guest Charlie The Tramp
I reckon he'll announce a delay to the SIPP changes in his Autumn statement, pending the introduction of the Regulations in 2007.

In 2006 it will be withdrawn as the government realise it has to many flaws.

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In 2006 it will be withdrawn as the government realise it has to many flaws.

Why is it flawed?

There have been several threads today which have dedunked the HPC myth that pending SIPP rule changes will have any impact on the housing market. If anyone still wants to claim that SIPPs will push up house prices can they please provide some hard data to support their view.

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this whole SIPPS business is funny coz i think it will f*ck BTL'ers big time....

lets assume you have 2 houses, one belongs to TTRTR and the other is a SIPPS property in Lord Loadsamoneys portfolio. Lord Loads$$$ buys his house for 50% off, meaning he can afford to rent it out for much less than TTRTR - how's TTRTRs ass going to feel if his competitors can afford to charge half the rent ? :D:D:D:D:D:D

Good luck to all the BTL numpties who will soon be competing with serious players who are buying houses for half price :lol:

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Guest Charlie The Tramp
Why is it flawed?

It is not open to all, there will be massive fraud, and all the regulation to control it will not work.

If the government and lenders cannot control the present massive fraud in the HM what chance of controlling SIPPS.

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this whole SIPPS business is funny coz i think it will f*ck BTL'ers big time....

lets assume you have 2 houses, one belongs to TTRTR and the other is a SIPPS property in Lord Loadsamoneys portfolio. Lord Loads$$$ buys his house for 50% off, meaning he can afford to rent it out for much less than TTRTR - how's TTRTRs ass going to feel if his competitors can afford to charge half the rent ? :D:D:D:D:D:D

Good luck to all the BTL numpties who will soon be competing with serious players who are buying houses for half price :lol:

Why would they rent it out low? They have their 40% tax relief without buying a property, so there's no advantage in using the funds for a low-yielding investment.

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Guest Riser
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If I could just dig another hole to fill this one, nobody will notice.

If he can dig holes for £23 Billion PFI off record debt, £350 Billion Public sector pension liability, a few million unemployed, around 5% real inflation, and his golden rules, then he has little credibility left to lose by burying stupid initiatives like the FTB 50% scheme and Property SIPPS.

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A bit of a post I wrote earlier;

It will be interesting to see if the government hold their nerve and go ahead with it. Seems to be getting a lot of bad press.

Another half-baked idea from the government. Will they try to squirm out of it?

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Why would they rent it out low? They have their 40% tax relief without buying a property, so there's no advantage in using the funds for a low-yielding investment.

erm dunno where you live but around london there are shit loads of empty blts everywhere, rent it low to rent it out! no worry about void periods if you can afford to charge 1/2 the market rent.

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Why is it flawed?

There have been several threads today which have dedunked the HPC myth that pending SIPP rule changes will have any impact on the housing market. If anyone still wants to claim that SIPPs will push up house prices can they please provide some hard data to support their view.

None of us are sure SIPPS will push up house prices but any encouragement at all to investing more money in property is bad news!..................The government should be looking at ways of making property investment LESS attractive!

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All HPCers need SIPPs either throughly debunked on prime time TV or SIPP's scrapped.

Market sentiment is that SIPPs will cause another boom, this will cause sellers to hold off either selling or putting prices down.

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If he can dig holes for £23 Billion PFI off record debt, £350 Billion Public sector pension liability, a few million unemployed, around 5% real inflation, and his golden rules, then he has little credibility left to lose by burying stupid initiatives like the FTB 50% scheme and Property SIPPS.

i thought watson wyatt came out with a report a few months back saying the public sector pension deficit was something like £800 billion. :blink:

also isn't the FTB 50% scheme pretty much dead in the water? :lol:

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No doubt this will lead to higher costs for the likes of me who already have a sipp ( small holding by the way ) containg shares and cash.

D :angry:

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