The commercial property team at Harrison Drury has extensive experience of helping clients with the purchase of commercial property through individual and company pension schemes (SIPPs and SASSs) enabling them to diversify their assets in a tax efficient way as well as providing a good return on their investment.
We understand that a critical factor when dealing with the purchase or sale of a commercial property through a SIPP or SSAS is the need to comply with the array of complex additional rules and procedures, over and above those required to be complied with in relation to a normal property sale or purchase. The consequences of failure to comply with these additional rules and procedures can give rise to substantial adverse tax liabilities and we are well versed in ensuring our clients are fully compliant to avoid such issues arising.
Our team of specialist solicitors regularly act on behalf of pension scheme administrators (of all sizes) and professional trustees and have knowledge and awareness of all statutory rules and regulations to ensure full compliance with HM Revenue & Custom’s pension regulations in commercial property transactions.
Our team can help you with:
- SIPP and SSAS sales and purchases (including individual, joint and multiple party transactions); · The granting of leases to both connected and unconnected occupational tenants
- The preparation of declarations of trusts
- Transfers “in-specie” from one provider/administrator to another
- Raising finance, secured lending and the refinancing of properties held within SIPPs and SASSs
- Part purchases and property hiving to facilitate the removal of residential property
- Leasehold management of pension property investments including granting of leases to both connected and unconnected tenants and dealing with assignments, subletting’s, surrenders, licences to alter and other property management issues
- Dispute resolution and property litigation support
To speak to our commercial property specialists please call us on 01772 258321 or make an enquiry below to see how we can assist you and your business.