“Struggling to decide where to safely invest your capital gains to achieve full roll-over relief before the roll-over period expires? Worried about topping up your self-invested personal pension (SIPPS) in these tricky times? Concerned at the impending inheritance tax implications of growing older?
Were you aware that roll-over relief for qualifying assets such as Furnished Property Lets is based on the cost of asset, not your investment? That means that if you borrow eg 60% of the cost, the amount of capital gains tax deferred could equal the cost of your investment if your tax liability is at the maximum rate of 40%.
Why not look at a range of land or property assets that you can both invest in with a safe income return and yet also enjoy using yourself, or for your family and friends.
We have a range of luxury furnished holiday letting properties available at Roserrow, a 400 acre private estate, or in Port Isaac and nearby Hellandbridge, either for immediate use or off-plan, ranging from two bedroom stone cottages to stunning contemporary 6 bed room detached houses overlooking their own private lake. All properties are built to a high standard, including travertine wall-to-ceiling tiled bathrooms, designer-grade taps, kitchens with granite worktops, and the off-plan units will feature ground-source heat pumps, and other ecologically-friendly additions such as rain-water collection for garden watering. Roserrow, located near Rock, includes an on-site golf rated silver by Golf Monthly, 20 m pool and health club/spa, tennis courts and yet is only a short walk to the surfing beach at Polzeath and the nearby swimming, fishing, sailing and wind-surfing waters off Daymer Bay.
We also have completed new properties imminently available in the quaint fishing port of Port Isaac, featured in the “Doc Martin” TV series, and off-plan properties available in the old Walled Garden of a 17th century Country House hotel near the Camel trail and the ancient bridge at Hellandbridge. Both sites include full golf and spa membership.
Other possible tax benefits for Furnished Property Lets include income tax reliefs not being restricted to the rental business; capital allowances available on the fixtures and fittings; the letting activity qualifying for hold-over relief on the gift of business assets; and such an investment may attract Business Property Relief. All our properties will comply with the three ongoing main qualifying criteria for such tax reliefs.
Finally, income-generating tenanted-farmland is available at Roserrow if you buy a property. Such farmland can have significant inheritance-tax benefits as well as being a qualifying asset for SIPPS.
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