Recently issued Statistics issued by the government (1) show that there were 8970 (seasonally adjusted) non-residential property transactions in October 2014.
Based on the many commercial properties we have surveyed, and supported by RBS (2) the average bought price for a commercial property is around the £236k mark. This means Commercial property transaction of around £2,116,920,000 – £2.1BN last month alone.
If we also assume that the Capital Allowances yield is a little over 20% of the purchase price, then this equates to a massive £423M of potential Capital Allowances tax relief to the new owners.
I have just one question about Capital Allowances….
Have you claimed yours?