Disposal and transfer of high value items (capital items)

A capital item is any single tangible item with a purchase value of £5,000 or more which is held for use by the University for more than a year. This would cover most high value single pieces of equipment or goods.

You need to complete an Asset Disposal Form to inform Finance if you no longer hold any capital item in your faculty or department. This also applies if the item is sold, scrapped, lost, damaged or stolen. If you wish to check the insurance cover for those items, please contact the Insurance Officer.

If you transfer capital items (e.g. equipment) between faculties / directorates, please use the Asset Transfer Form ensuring that both the transferring and receiving faculty / directorate complete and sign the form.

Forms should be submitted to the Financial Accounts Section, Finance Directorate, Level 5, Oneleven Building.

Buying capital items

If you buy a capital item, please follow the usual guidelines for purchasing goods and services selecting nominal code BA70 (Land and Building Work in Progress) or BA71 (Equipment – Work in Progress). Please do not select any nominal code other than these two.

Further guidance can be found on the Finance Intranet or you can contact us on ext 3919 if you have any queries.