Selling a Wind Turbine
If you are the owner of a wind turbine and would like to sell, there are a few simple steps that you can follow in order to secure a competitive and fast offer for it.
Your top questions when selling a wind turbine
✅ How are wind turbines sold as property in the UK?
✅ How many wind turbines are there in the UK?
Some estimates suggest that there are currently more than 11,500 wind turbines located throughout the UK. These properties can either be located offshore or onshore, and current statistics indicate that most of the wind turbines in the UK are situated onshore. Out of the roughly 11,500 wind turbines, 2,652 wind turbines are believed to be offshore.
✅ What factors can affect the sale of a wind turbine?
Many issues can affect whether a buyer might be interested in your wind turbine, including the condition that it’s in, because a poorly maintained property could be seen as less valuable. Another important factor is the location of the wind turbine because this can determine whether it will get enough high winds to generate sufficient power to become profitable.
✅ Does Capital Gains Tax apply when selling a wind turbine?
It might, because this tax is charged on the total profit that you could make from the sale of your wind turbine. You will typically not have to pay Capital Gains Tax if you make a loss or only break even compared to what you paid for the property. Speak with a tax professional before making any decisions.
✅ What is the swiftest option to sell a wind turbine?
The fastest way to sell a wind turbine will usually be contacting a quick buyer such as LDN Properties, as these companies have the ability to complete the purchase of practically any type of property within just a handful of weeks. By contrast, it will take at least several months on average to sell on your own or using the services of an estate agent or auctioneer.
✅ How do I know that a quick buyer can be trusted?
Check with individual quick property buyers to ask whether they are registered with The Property Ombudsman (TPO), which issues rules that all TPO members must follow to protect property owners against falling victim to scams in the quick buying industry. Be careful selling your wind turbine to a quick buyer that refuses to join TPO or can’t prove its membership.
✅ Will I have to pay commission on the sale of my wind turbine?
Yes, if you sell through an auction house or estate agent because these methods of selling will charge you commission that will be taken out of the sale proceeds right away. If you would like to avoid paying any fees when selling your wind turbine then you should consider either selling on your own or selling to a no-commission quick buyer such as LDN Properties.
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