The Annual Acquisitions and Disposals of Capital Assets Survey collects expenditure on the acquisition and proceeds from the disposal of capital assets that are used repeatedly to facilitate production, or provide services, for more than one year. 

Information requested may not always be found on a register of capital assets, and should include all assets of any value, even if this is below your Asset Register threshold. 

Capital assets

Include: 

  • Assets within the UK. 

  • Assets that are used repeatedly to facilitate production, or provision of services, for more than one year. 

  • The purchase costs and disposal proceeds of fixed assets, together with any other amounts treated as capital items for taxation purposes. 

  • The total capital value of assets that have been bought on hire purchase in the period covered by the survey. 

Exclude: 

  • Assets outside the UK. 

  • Assets acquired in taking over an existing business or sold as part of a going concern. 

  • Assets of a capital nature acquired for resale rather than for use within business, for example, stocks of vehicles held by motor traders. 

  • Assets like TV adverts or copyrights. 

  • Software licences of up to a year. 

Assets transfers and leasing

Include: 

  • Assets acquired under finance lease where you, the lessee, are responsible for repairs and maintenance. 

  • Assets owned by the business but leased to another business under an operating lease where you, the lessor, are responsible for repairs and maintenance. 

  • Any trade or transfer costs invoiced to you separately. 

Exclude: 

  • Assets leased to another business under finance lease were repair and maintenance are carried out by the other business, or lessee. 

  • Assets acquired under an operating lease where responsibility for repair and maintenance is borne by the owner, or lessor, of the asset. 

  • Asset transfers between companies owned by the same enterprise, except where the asset value is considered to be a new acquisition or disposal within the company accounts. 

Interest and instalment payments

Exclude: 

  • Interest and instalment payments under finance leasing arrangements. 

Expenditure

Include: 

  • Non-deductible VAT. 

  • Expenditure on replacing assets destroyed in circumstances, for example fire, which have given rise to a successful insurance claim. 

  • Expenditure on assets acquired for hiring, renting and other leasing purposes, but not finance leasing. 

  • Capital expenditure at any site belonging to the business where operations have not yet begun. 

Exclude: 

  • Deductible VAT. 

  • Capital expenditure on assets for use outside the UK, except ships and aircraft. 

Revaluations of assets

Exclude: 

  • Allowances for depreciation. 

  • Amortisation. 

  • Impairment charges. 

Receipts

Include: 

  • Grants and allowances from government sources, statutory bodies or local authorities that have been used to acquire or create assets used in production. 

  • Finance relating to Public Private Partnership or Private Finance Initiative that has been used to acquire assets. 

Exclude: 

  • The proceeds from an insurance claim against the loss of fixed assets. 

Additions and work in progress

Include: 

  • Progress payment or deposits covering long-term contracts acquiring fixed assets. 

Work carried out by staff

Include: 

  • All work of a capital nature carried out by your own staff, including labour costs and the cost of purchases consumed in the work. 

Services associated with capital assets

Include: 

  • Professional charges and installation costs associated with capital assets must be reported with the asset value.

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