This page contains a Flash digital edition of a book.
z business A


re you a small business owner? Have you ever considered creating a SIPP to purchase your business property?


A SIPP is a Self Invested Personal Pension which allows the individual to be more involved in the type of investment and provides a wider choice of investment to save for retirement.


What can go into a SIPP?


The SIPP can be used to invest in; private equities, commodities, hedge funds and property. It can be diversified and split between different types of investment and what type of investment will ultimately come down to how much risk the individual is willing to take. This is something that should be considered with your independent financial adviser and reviewed frequently. The purpose of this article is to focus on the commercial property investment.


Commercial Property


A SIPP can be used to purchase commercial property. This can be particularly beneficial to you if you are self employed and are able to use your SIPP to purchase your business premises. If you are already the owner of the business premises, then you could transfer the property into the SIPP and create a lease from the SIPP to your business.


The business, via the lease, will pay for the outgoings for the commercial use of the premises


such as the business rates and utilities. The rent payable by the business to the SIPP will be an allowable business expense so it reduces the tax you pay on profits generated by the business. In addition, the rent paid by the business goes into the SIPP, less any loan repayments that have been taken to acquire the property, and is then pooled into the SIPP fund and generally grows free from income tax and capital gains tax.


Calling all small business owners


(have you considered the SIPP option?)


How can we help?


Rudlings Wakelam would be delighted to assist you in acquiring or transferring your property into your SIPP. As your solicitor, we will carry out the various checks on the property which you wish to be transferred into the SIPP, looking at all aspects of the title, carrying out the usual searches against the property to ensure; that the property has the correct planning permission, that there are no environmental issues affecting the property, that the property has full means of access and all necessary rights required for the use of the property for the particular business to which the property is being let. Then, as part of the process, we will prepare the commercial lease between the SIPP and your business and take care of all of the Land Registry requirements. If you are considering your options with regards to your investment, then potentially buying a commercial property through your SIPP may be something you are willing to consider. You should take advice from your independent financial adviser in relation to this and we would be delighted to act in respect of the legal services that you will require to purchase the property as highlighted above.


nShould you require any further advice, please feel free to contact Steven McGrath at Rudlings Wakelam on 01842 754151, or via email at steven.mcgrath@rudlings-wakelam.co.uk.


 


...advice for life Are you a business owner?


Have you considered buying your business premises through your SIPP? We can help.


To find out more call Steven McGrath on 01842 754151. www.rudlings-wakelam.co.uk 78


Bury St Edmunds - 01284 755771 | Brandon - 01842 - 810300 | Long Melford - 01787 464778 | Thetford - 01842 754151 Visit our website to view our complete range of services


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92