Property Ownership Strategies - An Introduction to Tax Implications & SSAS Pension Schemes

Introduction

This virtual classroom session will cover the various ways of holding property and the tax pros and cons of each. The online course is aimed at accountants, solicitors and advisers with clients that invest in, or intend to invest in, UK residential or commercial property.

The session will cover a lot of ground with the intention to introduce an awareness of the opportunities in alternative structures; however it is not intended to provide a comprehensive review of all of the tax issues related to each type of property ownership.

What You Will Learn

This live and interactive course will cover the following:

• Summary of Property Ownership Types in the UK
• Individual Ownership: Characteristics and common scenarios
• Joint Ownership: Differences between Joint Tenants and Tenants in Common
• Corporate Ownership: Pros and cons of owning property through a company
• Trust Ownership: Understanding the role of trusts in property ownership
• Introduction to SSAS Pension Schemes
• What is a SSAS Pension Scheme? Basic principles and structure
• Benefits of using SSAS to own property: Tax advantages and investment control
• Limitations and considerations: Loanback arrangements, property types, and regulatory compliance
• Tax Implications for Each Ownership Type
• Individual Ownership: Income tax, Capital Gains Tax (CGT), and Inheritance Tax (IHT) considerations
• Joint Ownership: Tax implications for Joint Tenants v Tenants in Common
• Corporate Ownership: Corporation tax, Dividend tax, and implications for non-resident companies
• Trust Ownership: Tax responsibilities for trustees and beneficiaries, including IHT issues
• SSAS Pension Schemes: Understanding the specific tax benefits and obligations
• Case Studies and Real-World Applications
• Analysing real-life scenarios to illustrate the tax implications of different ownership types
• Special focus on SSAS pension schemes in property investment scenarios
• Discussing recent changes in tax laws and their impact on property ownership
• Strategic Tax Planning and Moving Between Different Forms of Ownership
• Strategies for tax-efficient property ownership
• SDLT and CGT reliefs on incorporation of partnerships
• Special considerations for SSAS schemes in tax planning
• Conclusion and Q&A Session
• Summarising key takeaways
• Open floor for questions and further discussion

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.