Property Partner has announced the launch of an Innovative Finance ISA. The property investment platform, which recently created its first opportunistic fund and sold its first properties, was launched in January 2015 by Daniel Gandesha and has been used by more than 13,000 people since then.
Its latest initiative, the Innovative Finance ISA, is designed to shield investors from income and capital gains tax liability on their investments. As with a normal ISA, investors are allowed to place up to £20,000 per year into an Innovative Finance ISA account, which may then be used to invest in lending opportunities through online platforms.
Property Partner provides development loan opportunities to its investors - targeting returns of up to 10% per year. These will now be eligible for their Innovative Finance ISA wrapper.
The firm says investors can open an ISA account to sit alongside their standard account and can transfer in ISA accounts from other providers.
“We’ve introduced the IF-ISA wrapper to enable our investors to maximise returns from the increasing number of loan opportunities we are bringing to our platform,” Marshall King, chief executive of Property Partner, said.
“It further broadens our appeal to active investors seeking strong returns from property backed investment opportunities.”
The platform says it now manages more than 900 tenanted units valued at over £133m. You can find out more about the Property Partner Innovative Finance ISA here.