Avoid UK Capital Gains Tax:
Put your land in a SIPP (Self Invested Personal Pension)
Landcorp International has created a unique legal structure that qualifies a land purchase for Self Invested Personal Pensions (SIPPs) and all the associated tax benefits for UK tax payers.
SIPPs are a flexible way of saving for your retirement if you are a UK tax payer. The scheme member has the power to decide when, where and how the assets of their pension fund are invested. Although they've been around since 1989, it wasn't until certain changes were made in April 2006 ('A Day') that they became more accessible to more people and now everything from individual shares and company bonds to cash and commercial property can be held in a SIPP.
The tax advantages are very appealing with contributions to SIPPs treated identically to contributions to personal pensions. Individual contributions automatically receive basic rate tax relief whilst higher rate taxpayers can claim additional relief through their tax returns and there is no capital gains tax on growth.
With pre-development land qualifying as 'commercial' property, £20,000 of land purchased through Landcorp International and held in a SIPP could cost you as little as £12,000 thanks to tax relief
You can also contribute to your SIPP by transferring money from your other pensions. In fact, this has proved an extremely popular method, because it can greatly increase the performance
of your pension assets.
Landcorp has established relationships with authorised and regulated SIPP providers and we would be happy to refer you to a suitable provider to discuss your requirements.
Alternatively, you can call our sales team on
UK:
0871 218 3002
Spain:
902 881 130
Rest of World:
00 34 952 868 250
INTERNATIONAL?
Landcorp International undertakes years of due diligence before committing to any new projects. As a company we only participate in land that is earmarked for future development. Unlike companies offering greenbelt, protected land or land with no clear path to development, Landcorp only offers land designated for development. Landcorp also restricts relationships with development companies only to those who retain a large interest in the land. This is a strong indicator of their commitment to the project and the vested interest propels the company towards securing that vital authority approval.
