SIPP - Commercial property

SIPP - Commercial property

Didn't find your answer?

I wish to buy a commercial property using a SIPP.  The property would cost £160,000.  I currently have a pension pot around £200,000.

I would like to increase the value of the property by converting one of the floors to 2 x 2 bedroom flats using the remaining £40,000.  I know that most SIPPs cannot hold residential property, albeit, with high tax implications.  I have been told that if I could get planning permission and a change of use, then I could personally buy out the floor, out of the SIPP.  Could I do this as the remaining £40,000 is not held against the current value of the commercial property.

Regards,

Stephen

Replies (1)

Please login or register to join the discussion.

avatar
By User deleted
13th Aug 2015 19:18

Strongly suggest that you speak to the SIPP provider or to your financial adviser or accountant.

Thanks (1)