The proposed changes offer a reduction in red tape with increased flexibility for the 'repurposing' of certain commercial premises, via reform of the Use Classes Order.
A wider range of commercial buildings will be permitted to be changed to residential use without the need for a planning application.
The change in rules is an attempt by Prime Minister Boris Johnson to kick start the post-pandemic construction industry.
However, HMRC does not usually permit residential premises to be held as an asset of a SIPP or SSAS so investors could incur large tax charges should they get it wrong.
James Jones-Tinsley, self-invested technical specialist at Barnett Waddingham, said: "It is vital, therefore, that members of SIPPs and SSASs contact their pensions provider firstly, before making any proposed changes to properties held within their pension.
"In most cases, their provider – with their trustee ‘hat’ on - will be the sole or co-owner of the property itself. As a result, no alterations to the property can be carried out without their prior knowledge and permission.”