Real Estate Investment Trusts - The small print takes its toll

Nicola Ross-Martin

By Nichola Ross Martin

When the Chancellor announced in the pre budget report in December that Self Employed Pension Plans (SIPPs) and Small Self Administered Schemes (SSAS) would not, as previously told be able to invest in residential property, there was outrage in the pensions industry. Mr Brown instead told the industry that SIPPs and SSASs could instead invest in new vehicles called Real Estate Investment Trusts.

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Comments

Another one bites the dust

Paulsoper | | Permalink

And so another fundamentally good idea bites the dust as a result of the revenue being permitted to hedge it round with restrictions designed to ensure no loss of revenue to the Treasury.