With tightening credit lines and Banks requiring stricter standards for lending since the economic downturn, many companies seeking finance are turning to pensions for capital investment. Whelan Solicitors partner with several leading pension fund managers to advise on lending by pensions and other trust entities. However, there are Revenue and other stipulations attached to lending by pensions which can make these steps somewhat tricky. From the borrower’s viewpoint, finance can often be available in circumstances where traditional sources of financing, Banks etc., might not be as easy to come by.
Whelan Solicitors also have extensive experience in advising on pension directed property investments, which can have considerable taxation advantages, both in terms of income tax and Capital Gains Tax. However, there are also restrictions on whose property can be purchased, if the property can be used personally and development of property. It is even possible for your pensions to borrow money in certain circumstances.
For further advice and information, contact Cathal O Sullivan or Ciara Quinlan through our contact section.