New Rules on U.K. Pensions to Boost Buy-to-Let Property Market.

Byline: Cheryl Taylor

Jan. 4--New rules allowing pension schemes to buy residential property at home or abroad, as well as commercial property, will be another boost to the booming buy-to-let market. Any rental income and capital gains will be exempt from tax, provided the profits are reinvested in the pension fund.

First homes and holiday homes could also be put within pensions funds, but this would attract a tax charge, and principal private residences in the UK are already free of capital gains tax. It is unclear how much the tax charge would be on a Span