GDCV Criteria

The legislations concerning pensions as of the 6th April 2006 (A Day) is contained in Finance Act 2004, 2005 and 2006. However the basic principles regarding a GDCV are as follows;

• Portfolio of at least 3 properties or the portfolio must be worth at least £1m
• No one property can exceed more than 40% of the valued property in the vehicle
• No private use of any of the properties
• No individual SIPP investor (including any associated person) can own more than 10% of the investment/asset worth
• Gearing limited to 50% of fund’s assets

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Further information

• Criteria
• How GDCVs work for the IFA
• Improving your business
• Retail Distribution Review