Commercial property in a sipp or not.

[rfisher]

I've inherited 25% of a commercial property.

I'm considering increasing this to 50% by buying out my sib's 25%.

I don't have a sipp at the moment.

Should I put this into a sipp or not?

[rfisher]

I pay into an occupational DB pension which I plan to draw within the next few years.

[rfisher]

Right - so I'm hoping to 'in specie' it so no requirement to sell and buy, as I'll already own it, if I understand this aspect correctly.

SIPP to avoid (not evade) paying tax on the rental income and CGT on sale.

Also takes it out of inheritance tax calcs.

Would plan to drawdown on the SIPP eventually.

Make sense?

[rfisher]

OK, so much for the advantages of sipps.

What are the disadvantages of holding it in a sipp?

From what I can gather, it mainly boils down to not receiving the rent money directly and being at the mercy of numerous gubberment rule changes and interference.