Capital asset pricing theory asserts that portfolio returns are best explained by economic factors.
According to the definition of a capital asset, any type of property owned by the assessee—whether it is related to their line of work or not—counts as a capital asset. All types of property, whether mobile or immobile, physical or intangible, fixed or circulating, are included.
Significant items of property such as houses, cars, rental properties, stocks, bonds, and even antiques or works of art are considered capital assets. An asset with a useful life longer than a year that is not intended for sale during normal business operations is referred to as a capital asset for enterprises.
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