What is a Fixed Asset? What do you need to know?

What is a Fixed Asset? Where will it be in my accounts? WHat else do I need to know and why does it matter?

In this video you will discover:
What a Fixed Asset is?
What is classified as a Fixed Asset?
How it fits into your accounts?

Thanks for tuning in to the video.

If you know anyone who may find the property information helpful and useful then please share it with them too.

Subscribe to the channel and press the notifications button to ensure you keep up to date with the latest property tax and accounting videos

DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.

#property #propertytax #propertyinvestment #accountants #taxadvisor #Landlord #propertyinvestor #revenueexpense #capitalexpense #BTL #HMO #allowableexpenses #shapcottsaccountants #believepropertyltd

Final editing by Shapcotts Online Productions.

Thumbnail by Unknown Creatives (Midlands) Ltd.

Music from:

[MrRanjodh]

Hi, if i have a LTD company, the buys house to then let out. And i let them out fully furnished. Would the Furniture be classed as Expenses or Asset (can i claim through AIA?.
Thanks