SSAS, SIPP Rules and Prohibited Property

What you can and absolutely cannot hold, and the penalties

A pension can own property, but not any property you like, and crossing that line, most commonly by putting residential property into a pension that may not hold it, triggers tax charges that can strip away well over half the value of what you bought. This book shows exactly where the line lies. It explains what SSAS and SIPP schemes are, the idea of taxable property and the carefully handled exemptions, then what counts as commercial property, the planning and use question and a property's own obligations. You will see why the purchase, the connected party rule and the lease must be right, and the paper trail that proves it. The book covers the trustees' insurance and safety duties, and the tax privileges of doing it correctly, including the director's premises structure and the SSAS loanback, alongside stamp duty and VAT. A compliance checklist and a candid chapter on the taxable property charges and quieter breaches complete the book. Next in this series: “A Pension-Led Property Strategy”.

What’s inside

• The legal framework in plain English
• Permissions, licensing and planning
• The contracts, and what must be inside them
• Insurance, safety and your legal duties
• Tax treatment and choosing a structure
• Your compliance checklist
• Getting this wrong: what it actually costs

Educational material only, not financial, legal or tax advice. Results are not typical and are not a guarantee of income. Freedom Property Academy LTD, registered in England and Wales.