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Meet FreeAgent

  • Overview
  • Dashboard
  • Business Insights from Radar
  • Mobile apps
  • Security
  • Why choose FreeAgent?
  • Why switch to FreeAgent?
  • Customer stories

Nail your admin

  • Estimates
  • Invoicing
  • Expenses
  • Banking
  • Cashflow
  • Projects
  • Time Tracking
  • Payroll

Relax about tax

  • Accounting
  • VAT
  • Self Assessment
  • End of year filing

Get connected

  • Amazon integration
  • Taking payments
  • Small business insurance
  • Find a CoPilot accountant
  • App integrations

Manage your property

  • FreeAgent for Landlords
  • Pricing plans
  • Get FreeAgent for free

Accountants & bookkeepers

  • FreeAgent for accountants
  • Who's FreeAgent for?
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  • Partner stories
  • Freelancer accountants
  • Bulk payroll
  • Try FreeAgent for free

Resources

  • Events and webinars
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  • Find an accountant

Latest news

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Making Tax Digital

  • MTD information hub
  • Free consultation

Partner log-ins

  • Practice Portal
  • Practice Dashboard

Product help & support

  • Knowledge Base
  • Getting started with FreeAgent
  • Contact us

Latest news

  • Blog

Small business resources

  • Guides for running your business
  • Events and webinars
  • Accounting glossary
  • UK tax rates
  • Interactive tools
  • Find an accountant

Accountant & bookkeeper resources

  • Guides for you and your clients
  • Events and webinars
  • Webinar recordings and videos
Login Try FreeAgent
Knowledge Base Getting Started How to switch to FreeAgent Frequently Asked Questions
    1. FreeAgent
    2. Capital assets

Capital assets

How to record, manage and dispose of capital assets in FreeAgent.

Capital asset essentials

  • Capital assets in FreeAgent
  • How to use FreeAgent’s capital allowances calculation

Capital asset purchases

  • Record the purchase of a capital asset when using accruals basis accounting
  • Record the purchase of a capital asset when using cash basis accounting
  • Record the purchase of a capital asset using multiple transactions
  • Record the purchase of multiple capital assets with one bank transaction if you’re on the VAT Flat Rate Scheme
  • Record the purchase of a capital asset for business and personal use
  • Recording the purchase of a property by your business
See all 9 articles

Capital assets bought on hire purchase

  • Record an asset bought on hire purchase when using accruals basis accounting
  • Record an asset bought on hire purchase when using cash basis accounting
  • Record an asset bought on hire purchase using part exchange (old asset included in capital asset register)
  • Record an asset bought on hire purchase using part exchange (old asset not included in capital asset register)

Disposing of a capital asset

  • Sell a capital asset when using accruals basis accounting
  • Sell a capital asset when using cash basis accounting
  • Create a VAT invoice for the disposal of a capital asset
  • Scrap a capital asset when using accruals basis accounting
  • Scrap a capital asset when using cash basis accounting

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