SIPP and SSAS taxable property: How to avoid 'onerous' HMRC charges

Clients must have active involvement to ensure compliance with HMRC rules

clock • 5 min read

Caitlin Southall shares her technical knowledge on self-invested pension taxable property rules...

Commercial property is a popular investment option for self-invested personal pension (SIPP) and small self-administered scheme (SSAS) clients, offering significant tax advantages including no capital gains tax when the property is sold, and no income tax for any rental income received. There are likely to be further tax advantages if the clients' company is also the tenant of the pension-owned property, in that the rent payable should be deductible from the trading profits of the business. However, the ability to enjoy these tax advantages on offer is underpinned by adhering to HM ...

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