How S.S.A.S. can help extract cash from your property with tax relief

Posted by Mike
May 18, 2010

A Pension Practitioner.Com S.S.A.S. can help you cut tax and extract cash from your property without a remortgage whilst getting tax relief.

After regulated advice you transfer your old pension into your SSAS, account. Your scheme then purchases equity in the property (Subject to independent valuation.). This releases cash to you. A further in-specie contribution is made from the property to your scheme. This contribution generates full tax relief.

Capital gains tax is off-set from tax relief accured. No stamp duty arises if the overall transaction is less than 150,000 pounds and does not form a series of transaction exceeding this threshold.

SSAS, borrowing, credit, loan, pension

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