How Does a SSAS Reduce Your Capital Gains Tax?
One of the advantages of having assets held in a SSAS is that they are statutorily exempt from Capital Gains Tax which is a huge tax advantage.
For example, if you own commercial property inside your Company or personally and you buy it for £300,000 and then decide to sell it in the future for £500,000, then that difference is potentially liable for Capital Gains Tax either at the personal rate or the corporate rate, depending on how you hold that property.
However, if you have put that commercial property into the SSAS that you have set-up with One Crown Pensions, then this is exempt from Capital Gains Tax. So, if that same property went from £300,000 to £500,000 in value and then you subsequently sold it, the funds would come back to the SSAS and there would be no Capital Gains Tax to pay. So, a clear tax advantage to holding property inside SSAS compared to either holding it personally or in a corporate vehicle.
