Florida Properties

The long-awaited rules on what savers can include in their personal pension plans were finally unveiled in April 2006 by HM Revenue & Customs. Ever since Gordon Brown's U-turn on allowing residential property in Self-Invested Personal Pensions (SIPPs) last December, investors had been waiting to see which assets including overseas homes would qualify for the tax breaks under the new regime.

buyright florida properties have been working with one of the uk’s premier pension fund managers for some months now and the Guidance Notes confirm that the Chancellor is permitting SIPP holders to invest in hotels such as those promoted by our company in the state of Florida. Not all condohotels are the same, and our advisors will assist clients to be take expert and individual advice before purchase. The only stipulation is that SIPP holders may not stay in their units as this would affect the properties commercial property classification. However there is a plus side, with more nights available for paying guests, this not surprisingly increases the room owner’s returns. This rule does not affect owners staying at the resort of ownership but in another unit. Units can also be any size, one to four bedrooms.

Commercially these investments can be very attractive for pension funds, due to the hassle free management, central reservations and annual reports on income and costs. Appreciation levels, especially from pre-construction builds in key locations have shown industry beating growth to date, with many experts predicting this segment of the market set to explode on a worldwide basis

Since these Guidance Notes were published we are already helping clients be ready to purchase world class full serviced apartments through their SIPPs with the support of pension professionals.

If you are interested in purchasing a condohotel 1- 4 bed suite or apartment through a SIPP call our sales team now on +44 (0) 7766 523 427

Disclaimer:
Buyright Florida Properties offers no financial, legal or taxation advice. We sell real estate in the USA through links with developers and real estate agents. All our clients are requested to seek their own independent financial, legal and taxation advice before purchasing a property, and in doing so will conduct their own financial due diligence towards the purchase. Our company or its employees or agents do not offer financial products or advice, but offer access to property purchase opportunities and third party agents through a referral process.