Small Self Administered Pension Scheme (SSAS)

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    nancyowens
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    Hi,

    Just looking for some advice on this one….

    I have a claimant who has declared an interest in a 2nd property, but it turns out that it is a commercial property owned by a Small Self Administered Pension Scheme (SSAS) of which he is a trustee.

    The claimant says that he and his business partner used their own pension pots to form an SSAS and buy the property. Prior to this they owned the property (which they use as their business premises) & it was mortgaged, the SSAS paid off the mortgage and any other loans secured on the property and now owns the property with no mortgage.

    My question is should this property be treated as capital or disregarded?

    Any advice gratefully received!

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