Technical terms
Purchasing large quantities of an asset to receive a favourable discount on the price of the asset.
Money spent by an organisation on acquiring or maintaining fixed assets, such as equipment, land, buildings etc.
The sums of money a UK business can deduct from the overall corporate or income tax on its profits.
The income that comes from capital itself, rather than any specific product or direct work.
Funds invested in an organisation for the purpose of developing its business objectives.
You can use Cash and bank management to maintain the legal entity's bank accounts and the financial instruments that are associated with those bank acco...
A financial journal/book where receipts and payments of money are recorded.
Any asset that can give rise to assessment for capital gains tax on its disposal. Exempt assets include principal private residences, cars, investments held...
The increase in an asset's value between the time it is purchased and the time it is sold, which becomes subject to capital gains tax.
Lifetime transfers of value (broadly, gifts) that are immediately chargeable to inheritance tax. For example:: gifts to relevant property trusts, gifts to c...