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| PROPERTY FOR SALE IN FRANCE – PROPERTY PENSIONS | | A new law French law will allow UK pension schemes to invest in French property. Until recently French law did not recognise trusts but now property for sale in France could be an attractive pension option.
A Self Invested Personal Pension (SIPP) is a flexible pension plan allowing the holder a choice of investments. SIPP’s are often controlled under trust, however the trustee may be the plan holder so long as an administrator is appointed to carry out investment transactions.
The new law, which now recognises trusts, may make it easier for UK pension schemes to invest in French property.
Property for sale in France has always been an attractive option to investors, however it may now become of interest to SIPP owners, thereby further improving the French property market.
The change in law has yet to be utilised so it would be sensible to seek professional advice before considering investing in a French property through a SIPP. Other aspects of owning a property should also be considered.
It is worth a note of caution though that property for sale in France is taxable and is not an open invitation to SIPP a French property.
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