SIPP Property Purchase

Fee Earner: Gillian Bassett

The transfer of a commercial property into the client’s SIPP’s fund and the simultaneous grant of a lease back to the client’s trading company.

With the support of the client’s accountants the decision was made to sell the company property to the Director’s pension schemes (SIPPs) as well as granting a lease from the SIPP provider back to the company as tenant.

The transaction also led to us first surrendering a redundant existing lease to a Group Company and advising the client upon the terms of a suitable Licence to occupy that could be used to sub-demise available areas of the warehouse on a short term basis as the client’s business needs fluctuated.