Capital Assets

Legal Definition and Related Resources of Capital Assets

Meaning of Capital Assets

In relation to income tax law, these are assets held by the taxpayer which are not used in his trade or business . Harris v U.S.(D.C. Va.)431 F. Supp. 1173.

Related Entries of Capital Assets in the Encyclopedia of Law Project

Browse or run a search for Capital Assets in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Capital Assets in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Capital Assets in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Capital Assets in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

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Mentioned in these terms

Book Value, .

What does Capital Assets mean in American Law?

The definition of Capital Assets in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

Business assets representing larger, more stable investments, e.g., property, plant, and equipment. See also capital; capital gains.

Concept of Capital Assets in the context of Real Property

A short definition of Capital Assets: Assets of a permanent nature used to produce income, such as machinery, buildings, equipment, land, etc. Must be distinguished from inventory. A machine which makes pencils, for example, would be a capital asset to pencil manufacturer, but inventory to the company whose business is to sell such machines.

Concept of Capital Assets in the context of Real Property

A short definition of Capital Assets: Assets of a permanent nature used to produce income, such as machinery, buildings, equipment, land, etc. Must be distinguished from inventory. A machine which makes pencils, for example, would be a capital asset to pencil manufacturer, but inventory to the company whose business is to sell such machines.


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