Owning Property via your SIPP
Owning Property via your SIPP (Self Invested Personal Pension)
Yes! SIPPs can own property in the Gambia.
They can own commercial property (hotels, bars, offices, land etc.) and – subject to certain restrictions – they can own residential property via indirect means (e.g. via a company or property fund rather than directly by the SIPP), where they own no more than 10% of the property and where it is not for their personal use.
Property ownership through the SIPP can be incredibly tax efficient.
If you and your financial advisors decide that this is for you we can help you by introducing you to a suitable SIPP provider, by finding and/or buying the property in question and by dealing with all of the ongoing paperwork that will be required.
Click here for more information on the Property Ownership Laws of The Gambia