Alliance Trust Savings' Steve Latto explains the advantages of small business owners purchasing their commercial property to hold within a SIPP.
Continuing stock market volatility means commercial property may again be an attractive alternative for pension investors looking for an investment that can provide a steady return. By far the biggest demand for such an investment to be held within a self-invested personal pension (SIPP) comes from the small business owner who wants to own their property. The advantages Holding business premises within a SIPP gives certain tax advantages: The rent paid to the SIPP is tax free because it is normally an allowable business expense; On the eventual sale of the property, it will b...
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