Quote:
Originally Posted by spike
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
|
A SIPP is a Trust and many countries do not recognise such legal entities when it comes to property ownership, which means that buying overseas property with your SIPP is not possible.
It is a great theory, but the practice does not hold up.