Residential property and your SIPP or SSAS investment: What you need to know
For many investors, the most attractive components of SIPP or SSAS pension schemes are the tax benefits. However, prior to embarking upon a purchase, it is advisable to consider how HM Revenue & Customs (HMRC) will classify the property. If a property is classified as residential – either now, or at some point in the future – this can have negative impacts on your SIPP or SSAS investment and increase your tax charges.