The Government plans to consult on amendments to the tax rules relating to investment-regulated pensions schemes, such as self-invested personal pensions (SIPPS) or schemes that were formerly small self-administered schemes. At the moment, investment-regulated schemes are prohibited from investing in residential property by the Finance Act 2004 and incur an unauthorised payments charge if they wish to do so. The aim of amending the tax rules is to encourage the conversion of unused space in commercial properties into residential property.