I’m thrilled to be part of the forum! I’m Dantesmith, and I work with Umega Lettings & Estate Agents in Edinburgh. Over the years, I’ve gained a lot of experience in the property world, assisting people with everything from finding the perfect rental property to helping them buy and sell homes.I’m really looking forward to connecting with all of you, sharing insights, and engaging in discussions about the property market. If you have any questions or just want to chat about real estate, don’t hesitate to reach out!

What’s the treatment of a Fixed Asset used by the client partially for their personal use and partially for their business? Should we capitalize pro rata amount on purchase and depreciate that amount or should we capitalize the total cost of asset? Also, what could be it’s tax implication?