If you own your own commercial property Sipps might be worthwhile looking into especially if you work in a partnership you will be able to split the ownership of the building creating your own mini syndicate benefiting with tax breaks that Gordon Brown has not taken away from you. He did close the door on residential properties but is going to allow Reits an American style real estate investment trusts which should be launched next year. Which would be one option to look at?
April the 6 “A-Day” existing business properties can be moved into a pension. many people are expected to set up Sipps to enable them to do this.
You can use your pension money to buy the property, in order not to get Gordon suspicious you must buy the property near market value or you could get nailed with a tax charge.
Once the property has been put in your pension shelter you get your company to pay realistic rent where it would grow tax free. You can also borrow money after A Day you could borrow fifty percent of the value of your fund and in if you are in a syndicate you can harness your borrow power.