Stampede Into Sipps Buying Rather Than Renting Is Becoming the Tax- Efficient Norm
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Summary
MORE and more small to medium sized Scottish companies are preferring to buy rather than lease their business premises. They have switched on in big numbers to the advantages of SIPPs (self- invested personal pensions) as a better solution to their property needs and as a way of making financial provision for their future.
A combination of poor performance in traditional equity-driven pension funds, continuing low borrowing rates and the tax advantages available under this scheme means there is something of a stampede for office property in Glasgow up to about 5000 sq ft. However, experts such as Mark McCluskie of Atis Real are warning that time is running out for people to take full advantage of the current regulations.See the full content of this document
Extract
Stampede Into Sipps Buying Rather Than Renting Is Becoming the Tax- Efficient Norm
He recently put a pounds-1m office building at 5 Blythswood Square on the market, for sale or to let, and attracted s...
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