Capital Allowances on Compulsory Purchase Orders

Are capital allowances available on the new building acquired as a result of a CPO?

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I have a client who received a Compulsory Purchase Order on the commercial property from which they traded. They were forced to vacate their existing premises, however, they were compensated with a new property at a different site.

The value of the new property is significantly higher than the cost of the original property. No capital allowances were claimed on the original property.

Can capital allowances be claimed based on the value of the new property or would they be restricted to the cost of the original property?

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