SSAS Pension Property: Does a SSAS Pay Stamp Duty?
Stamp Duty Land Tax, as it’s known, can be quite a complicated tax. So, we always suggest that SSAS Members seek professional advice by speaking to a lawyer who handles the conveyance on this particular aspect, as well as getting in touch with a SSAS Provider like One Crown Pensions.
Now, the answer to this question is potentially, yes. The SSAS does pay stamp duty on a property’s purchase. However, if the purchase is from a connected party there may be some exceptions.
As we’ve said, stamp duty is a very complex area. That’s why we encourage you to seek professional support from a conveyancing solicitor. They will advise you as to whether or not stamp duty is payable on a property’s purchase.
If you have any questions, please do not hesitate to reach out to us. You can book a call with our SSAS administration team to learn more about SSAS pensions and property purchase. You can also visit our SSAS Video Hub for more information.