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40 off Property With the Taxmans Blessing Explains Hot Property Investorcom

Safeguard your future with bricks and mortar. After this date you will be allowed to put property into your pension for the very first time. Also, even better, you can receive up to 40% off any commercial or residential property you purchase � all with the blessing of the taxman.



Buy property at 2001 prices � Courtesy of a Self-Invested Pension



Presently, the way to own property in a pension is through an insurance company property fund. From 'A-Day' onwards by the choice of a Self-Invested Pension (SIPP) you will, as an individual, be able to invest in commercial or residential property as part of your pension fund.



How is this Achieved



It is very simple.



Tax incentives mean that for every 78 invested in your pension the taxman adds another 22.



Higher rate tax payers can claim a further 18 relief via a tax return.



Look at larger sums:-



A 100,000 contribution into your pension costs just 60,000 for the higher rate tax payer and a 200,000 contribution only 120,000.



Using these incentives to Buy Property



If you use your pension to buy property this 40% off still applies.



It's just like buying property at 2001 prices.



Another advantage is that you'll also be able to borrow up to 75% of the purchase price of the property. In this case, a 50,000 pension fund could buy you a property worth 200,000.



The type of property you put into the fund is potentially unlimited.



It could be a buy-to-let, a villa in Spain, a flat for children.



There is also an added bonus of using your pension fund to buy your own home.



If you wish to buy commercial property through a SIPP, either for your own use or to let, you can do so now. Letting commercial property has many advantages over residential. More details on this on the Hotproperty Subscriber Website (www.



Your SIPPs also permits investment in office buildings, motels, pubs, care homes, facilities and land.



Self-funding, tax-free retirement plan



Your SIPPs can become a self-funding, tax-free retirement plan. By investing in buy-to-let or commercial property, you can receive a regular income into your pension. Also, holding commercial property in your pension like this means it's free of tax on rental income and sale!



A word of caution



If you want to put your long-term security into commercial or residential property, SIPPs will let you do it, but only up to a point. You see, the borrowing rules will soon be tightened so that the maximum permissible mortgage will be 50% of the fund value.



SO YOU NEED TO ACT QUICKLY



The average pension is worth between 30,000 and 40,000 which means in real terms you're only going to be able to buy a property of between 45,OOO to 60,OOO.



Putting property into a pension means that your gains on sales are tax-free. However, moving an existing property into a pension plan does have complications. There are costs involved in the transfer of ownership, and existing gains are subject to capital gains tax.



Save for your retirement by investing in. property, while enjoying tax relief on every penny!



For more details on line or you need an expert to guide you through the pros and cons go to Hot Property Investor now for full details on line - http://www.properties4auction.com.

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