The comprehensive new guide marks the first in a series of planned informative aids to be produced by James Hay Consultancy to support those involved in what can be very complex areas of business.
David Seaton, Director of Consultancy said: " Buying property through a SSAS is tax efficient and can inject valuable cash flow into a company as well as building up a substantial pension fund for retirement. We have produced a detailed case study as part of the guide which illustrates this."
Whilst providing many clear benefits, James Hay Consultancy also recognises that SSAS property purchase can be a complicated process. David Seaton explained: "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. Our new property guide addresses all of these issues, helping clients and their advisers through each step of the process. Not only will this assist them in tackling some of the issues that may arise, it will also help to eliminate some of the problems and pitfalls commonly experienced in such transactions."
Intermediary feedback to the guide has been very positive. Stephen Watson, Managing Director of Watson French said: "The guide is excellent. The whole aspect of property purchase by a SSAS is full of mystery for many business people. This guide helps to remove it."
To request a copy of the James Hay Property Guide call 01722 420123 or email [email protected]. James Hay Consultancy's services can also be accessed through Abbey National for Intermediaries' sales consultants.
