Chancellor makes surprise u-turn on sipps tax breaks

Dec. 6, 2005
Gordon Brown has surprised the property industry by not going ahead with a plan to allow individuals to place second homes into self-invested personal pensions (sipps), at a 40% tax discount. Residential property will now be treated as a "prohibited asset" under sipp rules and is therefore no longer eligible for inclusion in a sipp. Just four months before the …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register