wasting asset

(redirected from Wasting Assets)
Also found in: Financial.
Related to Wasting Assets: Contingent Assets

wasting asset

n.
An asset, such as an oil well or an options contract, that declines in value over time.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

wasting asset

n
(Accounting & Book-keeping) an unreplaceable business asset of limited life, such as a coal mine or an oil well
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Mentioned in ?
References in periodicals archive ?
Looking ahead, Lyon added: "Earnings from financials, airlines, housebuilders and miners may well be close to cyclical peaks, while structurally challenged businesses are to be avoided as they will likely prove to be wasting assets."
"The bank's need for liquidity to fill the provision gap or for restructuring does not mean wasting assets that can be good and generate income for the bank, such as foreign branches in Jordan and Palestine," said Kamal
This includes the replacement of wasting assets - fire suppression equipment, facades, AC units, lifts, etc, all of which will reach the end of their useful life and require replacement within the lifespan of the building, and probably within your term of ownership.
Being mechanical, both are considered "wasting assets" by the Revenue and therefore not subject to capital gains tax.
It will be noted that real estate assets are wasting assets. Whatever the effort their owners take to maintain them in operating condition over their economic lives, by periodically repairing various construction elements such as long-lasting foundations and walls, buildings deteriorate over time, both in physical and functional terms, and thus their income-producing potential declines.
You can make PS50k on an old E-Type and not have to pay the Chancellor a single penny because HMRC classifies classics as "wasting assets".
THE PENTAGON'S WASTING ASSETS: The Eroding Foundations of American Power
And some alternative investments, such as wine and vintage cars, are known as wasting assets and are exempt from capital gains tax.
As common hold will replace fixed-term leases, owners will not be confronted with the problem of wasting assets as leases run down.
The following example from the proposed regulations illustrates how income from wasting assets is treated for purposes of the section 1374 approach:
``Everybody wins because this policy targets wasting assets, making them useful again for those who need them most.''