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Whilst there are no on going requirements to have your property valued if the scheme is not making new investments or no members are taking benefits, it is always prudent for the trustees to understand the value of member(s) benefits.
This has been highlighted by changes in legislation with regard to the lifetime allowance reducing and the protection available. It is difficult to know if this is appropriate if the value of an individuals fund is not fully appreciated.
It is however a requirement to have your property valued if:
Please note that valuations tend to be valid for a 6 month period.
For further information on holding commercial property in a SIPP or a SSAS read Our Guide to Investing in Commercial Property