Sunday, May 14, 2006

SIPP Loophole uncovered for holiday properties

Sunday Times: Wealthy cash in on holiday flat loophole

Lawyers for some of Britains wealthiest residents have uncovered a loophole in the pension rules that allows people to buy holiday properties with their retirement funds.\r\nScores of investors, including senior directors at some of the Citys top firms, have been quietly taking advantage of the perk to purchase holiday apartments in French ski resorts, coastal towns and even Paris with their self-invested personal pensions (SIPPS).

Posted by green_bear @ 08:54 AM (667 views)
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