Recently issued Statistics issued by the government (1) show that there were over 8200 commercial property transactions in May 2014 alone.
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 £1,956,000,000 – £1.9BN in 1 month.
If we also assume that the Capital Allowances yield is a little over 20% of the purchase price, then this equates to a massive £412M of potential tax relief to the new owners. It does beg the question….
Have you claimed yours?