Question: Is there an easy way for Sipps to buy commercial property in India as their government doesn't recognise Sipps? Someone suggested using an offshore company that the Sipp takes a share in, but the % ownership and the costs are quite prohibitive
Andy Leggett, Suffolk Life: "It is at least theoretically possible for a SIPP to invest in commercial property in India. However, like most SIPP providers, Suffolk Life would not accommodate this. Some times appearing flexible and accommodating can be a recipe for facilitating the unwise, to the potential detriment of the client, the adviser and their relationship. "The stance on overseas property purchase is essentially for pragmatic reasons: a different language, a different legal system (meaning different liabilities for the SIPP provider as property owner), a different purchase proce...
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