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Tuesday 6 December 2011
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Friday 25 November 2011
Funding the Purchase of your Building Plot through a SIPP
This is a guideline intended for potential buyers of Cayman Islands Building Plots who are interested in purchasing through a SIPP. Caribbean Land / Oasis are not authorised to give financial advice and to obtain further information about SIPPS you will need to speak to an Independent Financial Advisor.
Our Cayman Islands Plots have been approved by one of the UK’s leading SIPP providers as being compliant under the UK allowable pension investment rules.
A self-invested personal pension (or SIPP) can offer property investors a tax efficient way of holding commercial property which includes development land in or outside the UK. A SIPP is a specialist type of registered personal pension which allows the person investing for retirement a wider investment choice than has traditionally been available. A SIPP offers a flexible method of retirement planning for a UK tax payer. It enables pension investments to be selected to suit an individual’s requirements and attitude to investment risk.
Legal ownership of a Cayman Islands building plot purchased through a SIPP will rest with the Trustees of the SIPP. It is important to check that the SIPP provider being utilised permits foreign property purchases.
Once a plot is held through the SIPP any growth will be free of UK capital gains tax and income tax. Contributions to the SIPP are treated for tax purposes in the same as those for personal pension schemes. Individual contributions to the SIPP automatically receive basic rate tax relief whilst higher and additional rate tax payers may be able to claim greater relief.
SIPPs are becoming popular because :-
• they offer a simple structure
• generous tax benefits are available
• they are flexible
• and most people are eligible to invest through a SIPP
Pensions are a complex area and appropriate professional and financial advice should always be taken before investing in a SIPP. Caribbean Land and Oasis has teamed up with one of the UK’s leading independent wealth management companies who provide specialist advice on pensions and investments. For further details on how to invest in an Cayman Islands building plot using a SIPP and the fees associated with this please ring +44 (0) 1704 544438 to speak to an independent pension specialist.
An initial set up fee and ongoing annual charges may be associated with management of the SIPP and relevant enquiries should be made of the SIPP provider.
SIPP approval has been granted to the Cayman Island building plots. Any plot subsequently to be developed for residential purposes would need to be removed from the SIPP before residential building work commences.
Commonly Asked Questions
What is a SIPP?
A SIPP is a type of personal pension plan regulated by the Financial Services Authority and will allow private investors to manage their own portfolios of pension assets.
What does SIPP approved mean?
Caribbean Land / Oasis building plots of Oasis Land Development Limited have been approved as SIPP compliant under the UK allowable pension investment rules.
What are the advantages of a SIPP?
Attractive tax advantages mean that Plots purchased through a SIPP are free of UK taxes.
In addition contributions to a SIPP are treated the same as contributions to personal pensions and attract tax relief.
A SIPP allows an investor to take advantage of a wider range of investment opportunities than are traditionally provided by pension policies.
How do I use a SIPP to purchase an plot of land in the Cayman Islands?
Oasis can recommend independent financial advisors able to provide no obligation information and advice taking into account your individual circumstances. For a free, no obligation consultation with an independent financial advisor please contact us on +44 (0) 1704 544438.
Beyond Luxury Cayman - NEW EXCLUSIVE DEVELOPMENT IN THE CAYMAN ISLANDS
BEYOND LUXURY CAYMAN – NEW EXCLUSIVE DEVELOPMENT IN THE CAYMAN ISLANDS
Caribbean Land are pleased to welcome our new ocean front development Beyond Luxury Cayman. A 9 plot development in the heart of the Caribbean, land plots are all provided with a 10 year interest free payment plan and prices start as little as £109,000 for a minimum of 18,246sqft (1695sqmt). Reserve your dream building plot for just £2,000
Beyond Luxury Cayman is a tax free development in the British overseas Territory, the Cayman Islands. All plots are provided with a choice of 4 complimentary architectural drawings, roads, electrics and full planning permission.
The Cayman Islands are one of the No. 1 destination in the Caribbean for more information about our new development and the Cayman Islands call 01704 544438
Invest in Cayman Island - WHY?
Why invest with Caribbean Land?
Caribbean Land provides all purchasers with a plot of land and a full set of architectural drawings relative to their plot size. Purchasers will have a choice of 4 villa designs completely free of charge. Oasis have obtained planning permission for their developments and provide infrastructure included in the purchase price of the plot. All investors will receive:
Up to 10 years INTEREST FREE payment terms (No credit checks required)
Low entry level of just £1,000 to reserve a plot of land
Stamp duty & import duty waived if plot is developed within 2 years
Some plots below market value for instant returns (BMV)
Increase in land sales over 300% (Moses Kirckconnel interview 2009)
Network of preferred partners to save time and money developing your plot
Choice of 4 luxury villa designs included
Ocean front, ocean view and investment plots available
Please contact us on 01704 544438 to learn more about investment opportunities and to request a FREE property brochure.
Our investors can use pension funds to invest within our land developments using a Self Invested Personal Pension (SIPP).
A Self Invested Personal Pension, known as a SIPP, is a tax efficient way of saving for retirement, one which allows the investor to select and manage their investments with more control than with ordinary personal pensions. The range of investment options available with a SIPP allows an indicidual to invest across all asset classes.
Any type of pension can be transferred into a SIPP, for instance many people have several ‘frozen’ pensions from previous employment or businesses and / or personal pensions that they can transfer.
An investor using a SIPP can make further contributions ongoing into their SIPP and is entitled to full tax relief which means that if a 40% tax payer paid in £100,00 it could only cost him £60,000.
It is also possible to increase the amount of funds available in a SIPP by borrowing up to a further 50% of the value of the SIPP. For example if a SIPP has funds of £200,000, it can borrow another £100,000 making £300,000 available to invest.
This is a complex area and it does need professional advice. We have teamed up with a leading independent wealth management company specialising in financial planning.
We can arrange for a no-obligation assessment of your existing pension and retirement provision at our cost for potential investors to assess whether their existing pension plans may be transferred into a SIPP.
If you are interested in investing through a SIPP contact me today!
01704 544438 - Caribbean Land
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