Can a SSAS Buy Residential Property?
We probably get asked this more than just about any other question when setting up SSAS. The very short answer is, no the SSAS cannot buy residential property.
You can, of course, use your SSAS to buy commercial property which we do an awful lot of and which we will cover in a separate video.
You can buy a commercial property in your SSAS and look to potentially convert to residential, we have a few clients who do that. However, I must advise that if you’re going to do that and you get the planning permission to convert to residential, we would always ask that you sell the property before you start the conversion to residential. Therefore, there is no chance of falling foul of HMRC Rules.
