Statistics issued by the government today (1) show that there were over 10,300 (seasonally adjusted) non-residential property transactions in September 2015.
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 £2,430,800,000 – £2.4BN 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 £486M of potential tax relief to the new owners.
I have just one question about Capital Allowances….
Have you claimed yours?
Call me to discuss 0845 467 2765 / 07595 398781
(1) – Source ONS Property stats :- https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/469311/UK_Tables_Oct_2015__cir_.pdf
(2) rbs website:- http://www.rbs-businesssense.co.uk/Rightmove.html