Reita flags HMRC property in Sipps changes

Relaxation of tax rules will allow investors to move from uncompetitive products

More relaxed rules on property borrowing within Sipps has been welcomed by Reita. The change will allow investors who were previously stuck with uncompetitive products to move their pension to another provider. Previously, Sipp investors who bought commercial property on a mortgage of up to 75% loan to value prior to A-Day would not be able to change provider. Reita, the professional body for real estate investment trusts and quoted property, says this meant many investors were stuck with uncompetitive and highly-priced Sipps. HMRC has decided to allow commercial property borrowing ...