Pensions with property.

[alri]

I have a rental property with no mortage ,I believe there are new property/pension options,would it be worth my while availing of this as I believe that the rental income would be tax exempt,and or would I need to remortage.Also any suggestions re who to approach re this broker ect?.

 

[Dave]

Rubbish

Why would the rental income be tax exempt???????

 

[alri]

Rubbish

See business post last wekend,if I had all the answers I wouldnt be asking the question.Something to do with new pensions act,but not very clear.

 

[Brendan Burgess]

Re: Rubbish

Alri

You would need to have a self administered pension fund to avail of this. You would need to have sufficient money in this to buy a property or to have the deposit to buy a property.

The fact that you personally own a property is pretty much irrelevant. You cannot simply transfer it into a pension fund.

Brendan