Putting Commercial Property Into A Pension Fund

Many business owners decide to transfer a commercial property into a pension fund to enable certain tax benefits.

You probably already understand how pensions work, including the benefits you may receive once you retire. We can assist if you are looking to transfer commercial property into a pension (SIPP) or have decided to buy commercial property using your pension.

In the same way that your pension can be invested in stocks and shares, it can also be invested in commercial property.

You can purchase certain commercial property assets for your pension fund, the main examples of types of property are:

• Farmland and forestry
• Hotels
• Industrial units
• Marine berths
• Nursing homes
• Offices and shops
• Public houses

There are some restrictions on what type of property you can invest your pension money in, including residential property, holiday property and caravans etc. To find out more about restrictions, please contact our team.

Free Initial Telephone Discussion

For free advice and a quote get in touch with us today. Simply call us on 0161 929 0121 or complete our online enquiry form and a member of the team will get back to you.

What is a SIPP?

A SIPP (Self-Invested Personal Pension) is a pension where you can invest in a wide variety of assets including commercial property and enjoy the tax benefits of a pension.

Benefits to you and your business

Investing in commercial property can be beneficial if you’re a business owner, as you’ll end up with suitable premises for your company, as well as potential regular rental payments into your pension.

There are several tax benefits which you might be aware of in doing this but expert advice should always be sought before investing in commercial property.

How do I invest in commercial property via my SIPP?

You can either buy commercial property with your pension pot (if you have the required funds) but you can also buy commercial premises and transfer it in to your SIPP. This is proving popular with small business owners.

If you have a very large pension pot, you may consider buying multiple commercial premises to hold within your SIPP. Your pension fund can directly hold a commercial property whether this is a business property from which you run your company or a commercial property with which you have no connection.

It is vital you seek professional advice with regards the correct procedures to follow for putting a commercial property in your SIPP. Our experienced solicitors will check that the property is feasible and meets all the relevant requirements.

Whatever your particular need, the team at Blackstone Solicitors can help.

How we can help

Using our experience and wealth of knowledge, we are able to offer expert advice on all the possible methods of purchasing a commercial property to put into your SIPP.

We are able to explain clearly the legal issues and provide open, honest and professional advice.

How to make contact

To speak to our solicitors today, simply call us on 0161 929 0121, or allow a member of the team to get back to you by filling in our online contact form. We are well known across the country and can assist wherever you are based. We also have offices based in Cheshire and London.

Authored by Ben Posted in Commercial Property, Corporate, News Tagged as