What is the difference between capital and non-capital assets?

A capital asset may be said to include such items as property, whether movable or immovable, fixed or circulating, or tangible or intangible. Other examples of capital assets may include- buildings, machinery, computer equipment, vehicles. In simple terms everything that you own or use for personal or investment purposes can be termed as a capital asset.

A non capital asset includes business property. The things which might come under non capital asset includes- inventory, stock in trade, and any other kind of property that you hold solely for the purpose of sale to customers in your business or trade. In simple terms a non capital asset is property that is not a capital asset.

Source: https://www.quora.com/What-is-the-difference-between-capital-and-non-capital-assets

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