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FAQ 8 – Can I transfer commercial property held by a UK pension?

A UK pension can make a transfer of commercial property to QROPS. We have been advised that no stamp duty is payable on the transaction unless the property is mortgaged and in which case stamp duty is payable on the value of the debt. When the property has been transferred all of the rental income less any allowable expenses would be taxed at 20% when held by an offshore company. Any capital gains would continue to be tax-free.

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