An easy-to-use yield calculator based on Scotland's new Land and Buildings Transaction Tax (LBTT) for commercial property which comes into effect on 1 April 2015.
Yield calculations are carried out daily by commercial property surveyors and investors across Scotland. Previously this was a simple calculation which could be done with any calculator but, as of 1 April 2015, the new LBTT will calculate the tax to be paid on a progressive rate which means that a simple calculation cannot be carried out. Instead, a more complex calculation is required to accurately calculate the yield.
This app makes calculating the yield easy: simply enter the property purchase price and the annual rental income. The app deducts the appropriate amount of LBTT for the given purchase price as well as the necessary fees and then calculates the yield as a percentage.
Scottish Property Calculator is brought to you by Inglis Howie, a property investment and development consultancy specialising in commercial property throughout the UK.