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James Hay produces first in series of SSAS guides

James Hay Consultancy has published a guide for investors who want to buy commercial property through a small self-administered scheme.

The guide is the first in a series of informative aids that the consultancy plans to produce to support advisers involved in the SSAS market.

Director David Seaton says buying property through an SSAS is tax-efficient, can inject cash into a company and build up a substantial retirement fund. The guide includes a case study to illustrate this.

Seaton says: “SSAS are a complicated process and there are many areas to consider. These include who exactly the trustees can transact with and what type of property can be invested in, as well as funding, VAT, liquidity and reporting requirements for the Inland Revenue.”

Intermediary Watson French managing director Stephen Watson says: “The whole aspect of property purchase by SSAS is full of mystery for many business people. This guide helps remove it.”

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