See the section on 'wasting assets' below.

Assets with a limited lifespan are called wasting assets.

You can't claim a loss on most personal possessions that are wasting assets.

See the section on wasting assets for more on this.

My feeling, for what it's worth, is that they should be regarded as wasting assets.

Directors have a duty not to waste corporate assets by overpaying for property or employment services.

All plant and machinery are treated as wasting assets.

Personal possessions may be exempt from Capital Gains Tax if they are wasting assets.

Unlike the actual shares, which may be held indefinitely, all options are wasting assets in that they have a fixed lifetime.

They said that management had wasted assets on yachts, art and oriental rugs.