Unquoted Shares

A SIPP may invest in unquoted shares.  However there are tax issues where tangible property and tangible moveable property is concerned.  Tangible property is property the HMRC considers to be residential.  Tangible moveable property are assets that can be physically moved such as yachts, antiques, etc.

The above will not be a concern where you are investing in is a trading concern and meets the following conditions:

• The vehicles main activity is the carrying on of a trade, profession or vocation.
• The pension scheme either alone or together with associated persons does not have control of the vehicle.
• Neither a pension scheme member nor a person connected to such a member is a controlling director of the vehicle or any other vehicle which holds an interest in the vehicle directly or indirectly.
• The pension scheme does not directly or indirectly hold an interest in the vehicle for the purposes of enabling a pension scheme member or a connected person of such a member to occupy or use the property.

Where you invest in a company that you are connected to, tangible moveable property will not be taxable where it meets the following conditions:

• The market value of the asset must not be greater than £6,000.
• The interest in the asset is held indirectly by the investment registered pension scheme.
• The asset is held solely for the purposes of the administration or management of the vehicle that holds it directly.
• Neither a scheme member, nor anyone connected to a scheme member personally occupies or has use of the asset

Related Items

• Yorsipp Unquoted Application (pdf, 643 KB)
• Yorsipp Unquoted Auditors Statement (pdf, 642 KB)
• Yorsipp Unquoted Company Sec Statement (pdf, 641 KB)