Can anyone advise if a self administered pension is allowed to purchase a leaseback type property in an overseas location?
I have €40k sitting in a fund that I would like to take more control of.
Ideally, I would like to transfer this €40k to a self administered fund and use it as a deposit to purchase an overseas leaseback type property. The plan is that the leaseback would require no further financing as the rental income would cover the borrowings. There are a few questions, though...
Do revenue allow purchase of overseas leaseback properties by self administered funds?
If the self administered fund needs to borrow to finance the investment - can it?
Apologies if I am asking questions already answered on the forum.
I have €40k sitting in a fund that I would like to take more control of.
Ideally, I would like to transfer this €40k to a self administered fund and use it as a deposit to purchase an overseas leaseback type property. The plan is that the leaseback would require no further financing as the rental income would cover the borrowings. There are a few questions, though...
Do revenue allow purchase of overseas leaseback properties by self administered funds?
If the self administered fund needs to borrow to finance the investment - can it?
Apologies if I am asking questions already answered on the forum.