From April 2008 the Chancellor has simplified tax rates reducing basic rate tax from 22% to 20% and maintaining the higher rate of 40%. This means that for every pound contributed to a Self Invested Personal Pension (SIPP) after April 2008, HM Revenue and Customs will only pay an extra 25p into the fund as opposed to the 28p currently enjoyed by everyone under the age of 75 whether a taxpayer or not. So the race is on to make sensible SIPP investments.
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Landcorp International, specialists in sourcing lucrative land opportunities across the globe, has recently appointed investment property experts Ann Collins Property to market their current land opportunity in Nova Scotia, Canada, on an exclusive basis throughout Northern Ireland and the Republic of Ireland. Investment focused and adventurous, the Irish are major players in the overseas property market and Ann Collins Property is the perfect vehicle for bringing this innovative investment opportunity to the Irish audience.
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As if festive stress levels didn’t already climb high enough at this time of year, we always put ourselves under extra pressure trying to find that special present for that special person in our lives. Clearly, a pair of socks (even if they’re cashmere) isn’t going to get you very far. Nor will a bottle of perfume, a new power drill or a smart set of cufflinks. They don’t say much about the thought that’s gone into the gift and, as we know, it’s the thought that counts. So for a truly original gift that comes with built in profit, how about giving some land this Christmas.
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It’s not so long ago that the Canadian dollar was a very poor relation to its counterpart across the border. And when the United States property market caught a cold, Canada was laid low by a nasty bout of pneumonia. But that was then. Nowadays, the patient needing a health check is the US market – especially in the wake of the sub-prime mortgage crisis which has caused so many recent flutters globally. It is – and has been for some time – a different story in Canada.
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It’s official – the British love Canada. More and more of us are holidaying there and more and more of us are making the decision to build a new life in this stunning and diverse land of boundless opportunities. Canadian government figures just released via www.statcan.ca show a hefty 663,000 overnight visits to our former colony in the first quarter of this year – a 7.2% increase on the same period in 2006. And Britons lead the way, making up almost a quarter of those visits.
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Landcorp International’s latest opportunity – Forest Lakes Country Club in Nova Scotia – offers the chance to invest in a slice of North America’s most beautiful country. Around 1,000 acres of tranquil and stunning countryside set on Canada’s east coast and teeming with wildlife has been made available for purchase at £11,500 a half-acre. The developer is releasing just 30-35% of the land to raise development capital and projections show the land will be valued at £40,000-£50,000 – up to 300 per cent profit – once the developer secures planning permission, which is anticipated for 2010 or soon afterwards. The site is already zoned to permit development of residential units and a variety of commercial and recreational facilities. The required modifications are expected to be granted without difficulty.
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