Bulgarian Property Investments - A Suitable Pension Investment?

Bulgarian Property Investments - A Pension Option? The pension investors can expect a renewed rush into buy-to-let property next year when the new pension rules come into effect. As of April 2006 they will allow pension investors to gain a 40% tax relief when they invest in property through self-invested personal pensions. What this means is that properties that are worth 200,000 can actually be bought for 120,000 by higher-rate taxpayers who are using funds in their pensions. Many of the investors are known to be re-mortgaging their main homes so that they can release the cash value and use it to purchase even more property. However, there are some others out there who will question why buy-to-let investors should get this new tax relief at all, when first-time buyers can't even afford to get on the first rung of the property ladder. Right now property companies are affiliating themselves up with financial advisers to sell off-plan apartments to investors when the new rules are in place. However not everyone is on board with this new plan. The tax breaks that are gained from investing through a Sipp are supposed to provide a huge boost for residential property investors, but buying new-build might not really be a good way of securing your future retirement money. There are an estimated 120,000 Sipp plans, most of them are held by Britain's richer investors. Most of the pension experts right now believe they are only good for higher rate taxpayers who enjoy a 40% tax break on their pension contributions. Every slogans such as