Her Majesty's Revenue and Customs (HMRC) have added unquoted shares to the list of items subjected to tax charges if held within Self-Invested Personal Pensions (Sipps), claims A J Bell Group.
In draft legislation released on Friday, HMRC revealed the new investment rules for Sipps, and other member directed pensions including Small Self Administered Schemes (SSASs). These effectively removed the potential to invest in residential property and more esoteric assets such as fine wines and antiques, except through genuinely diverse commercial vehicles such as Real Estate Investment Trusts (Reits). However on first glance, the new rules did not seem to address the concerns of some parts of the industry on investment in unquoted shares which at the moment is limited to 30% of its f...
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