HMRC cracks down on student property in Sipps

Since the government U-turn in December - when chancellor Gordon Brown announced in the Pre-Budget report residential property would no longer be allowed in Sipps - investors have been looking for alternative ways to make Sipps appealing. Since December, the number of items allowed in Sipps has shrunk, as unlisted shares disappeared along with more exotic investments such as racehorses, antiques and fine wines. However, commercial property is one thing which is still allowed, albeit the borrowing rules allowing you to take money from your Sipp to buy the property have been reduced since...