Purchase commercial property
Most pension schemes are invested in property or have exposure to them in one way or another but a Small Self-Administered Scheme (SSAS) can buy and own property directly with the benefits of any rental income being received tax-free, no capital gains tax to be paid should the property be sold at a profit and the property is protected from creditors in the event of a company’s insolvency.
Property Opportunities Through a SSAS
Many business owners aspire to purchase their own trading premises as this provides security of tenure should their landlord ever seek to sell the site they operate from. Also having a place to call ‘home’ gives the security of being able to plan and adapt the premises exactly for the business’ needs.
Additionally, a business owner may wish to acquire a property to rent to another business as they see an investment opportunity and they can use a SSAS to capitalise on this.
A SSAS can purchase any property that is not deemed to be, or suitable to be used as, a ‘dwelling’ subject to the following exceptions:
A home or other institution providing residential accommodation for children;
A hall of residence for students;
A home or other institution providing residential accommodation with personal care for persons in need of personal care by reason of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder;
A hospital or hospice;
A prison or similar establishment.
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