Capital Gains Tax: non-TARP assets and the principal asset test in Division 855

Commerce resources of a person or business consisting of such items as real property, machinery, inventories, notes, securities, cash etc; 2. Property or effects (opposed to liabilities); 3. Accounting , the detailed listing of property owned by a firm and money owing to it; or 4. Law : a) property in the hands of an executor or administrator sufficient to pay the debts or legacies of the testator or intestate; b) any property available for paying debts, etc.