Statistics issued today by the government (1) show that there were over 9400 (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 £2,218,400,000 – £2.2BN 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 £444M of potential tax relief to the new owners.
I have just one question about Capital Allowances….
Have you claimed yours?
(1) – Source ONS Property stats :- https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/375255/UK_Tables_Nov_2014__cir_.pdf
(2) rbs website:- http://www.rbs-businesssense.co.uk/Rightmove.html