Hi There,

Does anyone know if I can use my SIPP to buy shares from myself? Basically, I
have shares
in a company that I work for (AIM listed) and would like to use the cash in my
SIPP to buy
the shares from myself. Here's a possible scenario:

1. I deposit £10k cash into my SIPP. My SIPP provider reclaims £2k from HMRC
(20% basic
rate) so that I now have £12k cash in my SIPP. I then reclaim a further £2k
(20% higher
rate tax) via self assessment.

2. I now use the £12k in my SIPP to purchase £12k of shares from myself. This
leaves me
with £12k cash in my pocket i.e. my original £10k plus the £2k basic rate tax
reclaim,
plus I have saved a further £2k in higher rate tax.

The end result is that £12k of my shares are now in my SIPP and, presumably,
free from
any CGT when I eventually sell them.

Finally, if this is allowed then would my SIPP have to pay any stamp duty when
it buys the
shares.

I would be grateful for any insight into this.

Many thanks,

Andy.