Decide what is capitalised as a fixed asset, how it is depreciated and tagged, how capital allowances are claimed, and how assets are checked, transferred and disposed of – with asset addition, disposal and verification forms.
Finance & credit control
Fixed Asset and Capitalisation Policy with Asset Disposal Form
About this document
Without a clear policy, businesses either expense items that should be treated as assets or keep assets on the books long after they have been sold or scrapped. This policy sets a capitalisation threshold, depreciation rates and the records needed for the fixed asset register, and makes sure disposals are approved and recorded – including the capital allowances and VAT consequences.
The document is laid out in the sections below. Each one comes with a plain-English guidance note explaining what it does and what to change.
Our templates are professionally structured starting points for UK businesses, not legal advice. For anything complex, unusual or high-value, have your final version checked by a solicitor.
Included in the pack
Finance & credit control
for every document in this category
Editable Microsoft Word files
Guidance notes in every document
Written for UK businesses
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