Sipps to invest in property through Reits

The draft guidance and legislation published on Friday, also sets out what constitutes taxable property, and the charges which will be applied to pension schemes which hold such assets. Investments which will incur a charge include direct or indirect holdings in residential property and tangible movable assets such as art, antiques, jewellery, fine wine, classic cars, yachts and racehorses. If any of these are included in a member directed pension, the scheme member will face a tax charge of 40% on the cost of the asset, possible increasing to 55% if the cost is more than 25% of the val...