The Town and Country Planning (Use Classes) (Amendment) (England) Regulations 2020 with effect from 1st September 2020.
Planning laws have seen their biggest changes since perhaps the Property Act 1925. Planning permission requirements have been massively relaxed to allow for even greater property development without the need to seek planning permission from the local authority.
Relaxation of planning permission requirements has been given across both residential and commercial property and we believe this could be the solution to the high street crisis and the housing crisis.
We suggest that this presents a massive opportunity for property investors both privately and using self invested pension schemes such as SIPP and SSAS to acquire commercial property. That said, your pension fund could buy a commercial unit and develop for residential but the development would need to be sold (capital gains tax fee) just before it became habitable as pension funds cannot hold residential property.