Quote:
Originally Posted by Elphaba
You can't use the SIPP to buy a property overseas. Issues with trust ownership put paid to that particular idea.
Following major changes to pension legislation in April 2006 a SIPP may borrow 50% of the scheme's net fund value at the borrowing date.
Regarding SIPP providers, James Hay are not one I would recommend - I have had too many problems with clients SIPPs in the past. I am a UK registered IFA, so please feel free to PM me for advice.
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this is copied from the government website, IR76, appendix 24 , under the title permitted investments for SIPPS :
• Commercial property (including land whether development land, farmland or forestry) in or outside the UK including
- hotels and motels