The UK government introduced a new kind of personal pension scheme with the Self Invested Personal Pension (SIPP) scheme. The new scheme is included within Registered Pension Schemes under Section 150 of the Finance Act 2004. Subscribers to SIPP can invest their pension funds in any asset approved by HM Revenue & Customs (HMRC).
SIPP is different from standard personal pension schemes in that the subscribers can manage the fund investment on their own. Standard schemes, on the other hand, entrust the task to an insurance company or other third party. SIPP is administered by the Financial Services Authority (FSA) and investments should be in assets approved by an FSA regulated Independent Financial Advisor.
SIPP subscribers can not only invest in ...
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The post on Land Abroad mentioned that buying land in Little Cayman, the smallest of the three Cayman Islands, is a good investment option. We saw that this small island has the world’s top wall diving facility and a small islet off its south coast that can be reached in a kayak. We also mentioned that the small island with a small population could just be the place some people could be looking for.
In the above post, we also mentioned that investment in Little Cayman land is safe as it forms part of Cayman Islands where British Common Law applies and Cayman government permits foreign ownership of land. In this post we look at this ...
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The post Why Buy Property in Cayman Islands elaborated on the desirability of land investment in the Cayman while this post looks at how you can earn assured returns on your land investments in the Caymans. We look at the investment opportunities in the Little Cayman Island and the returns you can earn on this investment.
There are two Crown’s land products in Little Cayman where you can currently invest in land plots. As mentioned elsewhere, Crown’s land products qualify as approved investments under the Self Invested Personal Pension scheme of the UK government. You can invest your SIPP funds in these assets (and incidentally earn a higher assured return on those investments).
The Little Cayman Estate ...
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The post on Self Invested Personal Pensions (SIPP) explained that you can invest your SIPP funds in approved real estate products. In this post, we look at the specific projects that are such SIPP approved investments in the Cayman. The developers of these properties will help you to comply with incidental requirements by arranging a consultation with a regulated Independent Financial Advisor.
The Dubli Golf & Beach Resort is an elite project on the Grand Cayman Island of the Cayman, located in an area known as the Millionaires Row. In addition to developed plots, the project also features a four-hole golf course. Other features include a beach club and a resort condominium.
The Little Dolphin Estate is ...
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Buy Land Abroad
Buying land abroad for investment purposes involves:
• Selecting a foreign country in which to buy land and
• Buying land in that country at a selected location
The aim is to benefit from the particularly favourable factors for land price appreciation at the investment location. Success of the investment depends on:
• Selecting the country and location by considering the specific factors that can lead to land value appreciation and
• Doing a due diligence to ensure that the investment will be safe and can be managed well enough to produce desired returns
We look at the factors that lead to land value appreciation and the nature of due diligence that should be done.
Land has limited supply in the sense that available land in a particular location cannot be increased. As demand for land in that location goes up, land value will inevitably go up. The task before the investor is to look at the particular situation of the selected location and check whether it is likely to lead to sufficiently quick appreciation in land values.
The two major factors that can lead to land value appreciation are population increase and economic development. Population increases can occur through higher birth rate or through immigration. More people in a location will tend to increase the demand for land even though building high rise apartments can reduce land demand to some extent.
Economic development of a region means demand for land to put up factories and offices. It also typically means attracting more people to the location and putting more money into their hands. Higher demand for land and more money to buy it will inevitably lead to land price increases.
There are other factors, such as revival of tourism industry as the world comes out of an economic slump that can also increase the demand for accommodation and land at tourist destinations.
In addition to assessing the potential for land value appreciation, investors should do a due diligence to check for political stability, rule of law, land records maintenance and availability of dependable real estate managers at the location before buying land abroad.
Land Abroad
The post on Buying Land Abroad looked at the desirability of buying land abroad as an investment option. In this post we look at buying land in the Cayman Islands, a British Overseas Territory in the Caribbean that is both a top tourist spot and a top financial centre. In particular, we look at the Little Cayman Island that is the smallest of the three main Cayman Islands.
Little Cayman is a quaint little island that is less than ten square miles in area and just one mile wide. The island also has a small permanent population of less than 200. This small island however has the world’s top wall diving facility at Bloody Bay and this has made it into a popular tourist destination.
The very smallness and out-of-way location of Little Cayman can appeal to many people. It is away from the hustle and bustle of the ordinary world and has great beaches on the crystal blue waters of the Caribbean Sea. It also offers the sunny environs of a tropical island.
At the Bloody Bay area, there is a vertical underwater cliff that goes down 1000 feet to the ocean bottom at places and just 18 feet at other places. Wall diving involves scuba diving along a vertical underwater cliff without using dive propulsion vehicles. The Little Cayman wall diving facility has been rated the top such facility in the world.
There is another scuba diving facility at Jackson’s Bight on the island. Another intriguing attraction is the small islet, Owen Island that can be reached with a kayak or sailboat from the south of Little Cayman. This small islet has no buildings or human inhabitants.
Buying land in Little Cayman is safe as it forms part of Cayman Islands where British Common Law applies and the Cayman government permits foreign ownership of land. Developed plots in approved projects are available on the island.
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