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SIPPS Commercial Property

Help please ! Does anyone know any reasons why I shouldn't plan to purchase a new, purpose built boat as my Office/Workshop/Showroom to form part of a SIPPS investment?

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  • dunstonh
    dunstonh Posts: 118,571 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Does anyone know any reasons why I shouldn't plan to purchase a new, purpose built boat as my Office/Workshop/Showroom to form part of a SIPPS investment?

    My first feeling is not a chance. The definition of commercial property would be your first hurdle and then finding a trustee willing to take it on would be impossible, in my opinion. Its an asset that is going to decline in value over time not appreciate and its not a property.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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