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Is a website/domain name an asset or a liability?
In an accounting position, a domain name would fall under an intangible asset. Copyrights and patents are intangible, while tangible assets would be buildings or land (also known as property, plant, and equipment).  Noting above, you can list it as an expense for personal reasons, but that would be poor classification. Tangible and intangible assets come with expenses such as legal fees and design. In these instances, you would expense the cost, or fee, but add back that value to the tangible or intangible as it would be considered maintenance.  Please read here for tax treatment of a domain name.  Please read here for what an intangible asset is. Also read here on page 11 for more clarification by IFRS.