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A SIPP can buy commercial property and business owners will seek to buy a commercial property in a SIPP and then lease it back to their trading business.
This is a specialised form of conveyancing therefore an experienced commercial property solicitor needs to be instructed as the SIPP will have certain specific property searches which need to be carried out and also specific clauses which need to be inserted into the contract for sale; transfer and lease.
Our property lawyers at PLS Solicitors, are experienced in acting for SIPPS and appreciate all the SIPPS requirements.