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.
We had hoped to see some progress on buildings and fixed structures that are considered wasting assets
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.''