MLchartDataset catalogue

Capital asset

Term · Law · MLC-T-LAW-000848

Property owned by an individual or corporation that is not held for sale in the ordinary course of business. Examples include real estate, stocks, bonds, and equipment used in a business. Gains or losses from the sale of capital assets are subject to specific tax treatment, often at different rates than ordinary income.

Table 1. Record
IdentifierMLC-T-LAW-000848
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000848",
  "term": "Capital asset",
  "field": "Law",
  "definition": "Property owned by an individual or corporation that is not held for sale in the ordinary course of business. Examples include real estate, stocks, bonds, and equipment used in a business. Gains or losses from the sale of capital assets are subject to specific tax treatment, often at different rates than ordinary income.",
  "url": "https://mlchart.com/terminology/law/capital-asset/"
}

Record 654 of 5,445 in Law terminology (MLC-0107). Request the full dataset.