20 TermsHome > Terms > English, UK (UE) > Capital asset
Capital asset
As a real estate term, capital asset means property of a permanent nature which is used in the production of an income. Examples include land, buildings, machinery and equipment. As an accounting term, capital asset means property intended for use or possession for a period longer than one accounting cycle (usually for a period of longer than one year). As a taxation term, capital asset means all property other than specifically excluded items such as inventory and property used in trade or business, I.R.C. § 1221.
This is auto-generated content. You can help to improve it.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Real estate investment
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Industry/Domain: Mining Category: General mining
Asteroid mining
The future industry of sending spacecraft to asteroids in order to harvest their natural resources and bring them back to civilization for use. On ...
Contributor
Featured blossaries
Browers Terms By Category
- General furniture(461)
- Oriental rugs(322)
- Bedding(69)
- Curtains(52)
- Carpets(40)
- Chinese antique furniture(36)
Home furnishings(1084) Terms
- Industrial lubricants(657)
- Cranes(413)
- Laser equipment(243)
- Conveyors(185)
- Lathe(62)
- Welding equipment(52)
Industrial machinery(1734) Terms
- Hand tools(59)
- Garden tools(45)
- General tools(10)
- Construction tools(2)
- Paint brush(1)
Tools(117) Terms
- Cooking(3691)
- Fish, poultry, & meat(288)
- Spices(36)