COMMERCIAL PROPERTY ON THE WAY UP THANKS TO THE TAXMAN 
Tuesday, June 9, 2009, 02:06 PM - Commercial Mortgages
Posted by Administrator
As strange as it may seem the tax man has come to the Commercial Property markets rescue, please stop laughing and you may need a good stiff drink to understand that the person we love to hate has actually some thing to help us.

The relaxation of the TAX Rules regarding Self Invested Pension Plans will allow clients to move commercial property held within their portfolio much more easily between providers.

Under the new regime, clients who wish to move from A to B providers will not be subject to the A- Day pension rules introduced in 2006, which carry extra charges attached to the rules.

The last budget as we all know did not favour high rate income rate payers, with a real reduction intax relief, they now have the opportunity to invest take commercial property into a SIPP and enjoy TAX FREE growth.

Thank you the taxman for a little shot of help into a very difficult market just when we need it, prehaps the taxman is not such a bad person after all, but he will not be getting a christmas card, lets see some more positive action first please.


Michael J Alexander acommercialmortgage4you.co.uk

[ add comment ] ( 2 views )   |  [ 0 trackbacks ]   |  permalink  |   ( 3.1 / 108 )

<<First <Back | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | Next> Last>>