Assets are anything of value your business owns or uses — vehicles, equipment, property, even intangible things like your brand or software. How you buy, use, protect, and eventually dispose of them has real financial consequences, and that’s what this section covers.
You’ll find guidance on buying versus leasing or financing equipment, the tax treatment and capital allowances you can claim, and the practical differences between new and second-hand assets. There’s also coverage of vehicles, machinery, and property as business assets specifically, releasing equity from assets you already own to fund the business, protecting what you own, understanding intangible assets like IP and goodwill, and what to think about when you come to sell or dispose of something the business no longer needs.
The tax and accounting treatment often differs depending on whether you’re a limited company or a sole trader, so that distinction is woven through wherever it matters.