email ssas info@ssassolutions.cominfo@ssassolutions.com
telephone ssas solutions 02890376970028 9037 6970
ssas solutions -let your business grow

Residential land (but not residential property)

Land zoned for residential development

A SSAS can also purchase land that has been zoned for residential development. Residential property is not, however, permitted (at least not without incurring penal tax charges) but residential land is acceptable as long as it does not contain any building or structure which is suitable for use as a dwelling.

As such, the Trustees should not actually develop the residential sites, however, the Trustees could buy land and obtain residential planning permission and then sell the land on as sites, for example, to a developer. Agricultural land is also permissible.

ssas specialist pension northern ireland

<< Back to What is a SSAS?

GET IN TOUCH

Northern Ireland’s largest independent firm of dedicated SSAS consultants offering business owners bespoke retirement solutions.

tel 02890376970 028 9037 6970

fax ssas 028 9037 6971

 

SSAS Solutions (UK) Ltd
Rivers Edge
11 Ravenhill Road
Belfast
BT6 8DN

email ssas info@ssassolutions.com

connect with ssas on linked in SSAS Solutions (UK) Ltd