{"id":315,"date":"2019-07-10T13:17:58","date_gmt":"2019-07-10T12:17:58","guid":{"rendered":"https:\/\/calcal.uk\/help\/?p=315"},"modified":"2020-11-27T14:37:32","modified_gmt":"2020-11-27T14:37:32","slug":"assets","status":"publish","type":"post","link":"https:\/\/calcal.uk\/help\/bookkeeping\/reports\/assets\/","title":{"rendered":"Assets Report"},"content":{"rendered":"<p>The Assets Report is a combination of your Capital Allowances report and asset depreciation.<\/p>\n<p>More details about assets and their taxable \/ non-taxable values is available on the <a href=\"https:\/\/calcal.uk\/help\/webapp\/transactions\/assets\/\">Assets Entries<\/a> screen.<\/p>\n<p><!--more--><\/p>\n<div class=\"wp-block-image is-style-default\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/calcal.uk\/content\/uploads\/sites\/2\/2019\/07\/assets-rpt.png\" alt=\"\" class=\"wp-image-1749\" width=\"573\" height=\"110\"\/><figcaption>An example assets report<\/figcaption><\/figure>\n<\/div>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/calcal.uk\/content\/uploads\/sites\/2\/2020\/11\/assets-rpt2.png\" alt=\"\" class=\"wp-image-1769\" width=\"573\" height=\"276\"\/><\/figure>\n<\/div>\n<h3 class=\"wp-block-heading\" id=\"ca\">Capital Allowances<\/h3>\n<p><em>The first page of the report details your &#8220;Capital Allowance Pools&#8221;<\/em><\/p>\n<p>When you purchase an asset and add it to CalCal, it will be <strong>automatically assigned<\/strong> to a &#8220;pool&#8221;. The details of how this works are <a href=\"https:\/\/www.gov.uk\/work-out-capital-allowances\/rates-and-pools\">quite complex<\/a>, but don&#8217;t worry &#8211; all you have to do is tell CalCal what type of asset this is (tool, car, etc.) and whether you&#8217;re using it for non-business purposes some of the time.<\/p>\n<p>The Capital Allowance Pools page shows these pools, and their allowances for the chosen year. There are three types of allowances you can claim:<\/p>\n<ul class=\"wp-block-list\">\n<li>AIA &#8211; Annual Investment Allowance\n<ul>\n<li>Lets you claim the total expense against your taxable profit for <a href=\"https:\/\/www.gov.uk\/capital-allowances\/annual-investment-allowance\">things like tools and machinery<\/a><\/li>\n<\/ul>\n<\/li>\n<li>FY &#8211; First Year Claimable\n<ul>\n<li>Some special energy-efficient assets are <a href=\"https:\/\/www.gov.uk\/capital-allowances\/first-year-allowances\">elligible for this<\/a><\/li>\n<\/ul>\n<\/li>\n<li>WDA &#8211; Writing Down Allowances\n<ul>\n<li>Some <a href=\"https:\/\/www.gov.uk\/work-out-capital-allowances\">things like cars<\/a> can be claimed at 8% or 18% per year. CalCal will keep track of these (in pools) for you.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>When you add your assets to CalCal, this will all be worked out for you and automatically entered into your tax return!<\/p>\n<\/blockquote>\n<h3 class=\"wp-block-heading\">Asset Categories<\/h3>\n<p><em>The subsequent pages of this report detail the nothing-to-do-with-tax value of your assets and their depreciation<\/em><\/p>\n<p>You can change the depreciation rate of assets and add valuations in <a href=\"https:\/\/calcal.uk\/help\/webapp\/transactions\/assets\/\">Asset Entries<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Assets Report is a combination of your Capital Allowances report and asset depreciation. More details about assets and their taxable \/ non-taxable values is available on the Assets Entries screen.<\/p>\n","protected":false},"author":325,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"class_list":["post-315","post","type-post","status-publish","format-standard","hentry","category-reports"],"_links":{"self":[{"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/posts\/315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/users\/325"}],"replies":[{"embeddable":true,"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/comments?post=315"}],"version-history":[{"count":7,"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/posts\/315\/revisions"}],"predecessor-version":[{"id":1785,"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/posts\/315\/revisions\/1785"}],"wp:attachment":[{"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/media?parent=315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/categories?post=315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calcal.uk\/help\/wp-json\/wp\/v2\/tags?post=315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}