Is a printing equipment owned by the owner of the home a family asset?
British Columbia, Canada
The following excerpt is from Silverwood v. Silverwood, 1981 CanLII 640 (BC SC):
Some evidence in argument was directed to the question of whether some printing equipment which the respondent had in the basement of the home is a family asset. He said he used it as a hobby, but he conceded that from time to time he earned income from it. I do not think the fact that he earns income from a hobby and devotes that income to family purposes makes the hobby equipment itself a family asset. This is not a case such as Pongracz v. Pongracz, B.C.S.C., Houghton L.J.S.C, 9th June 1980 (not yet reported), where the hobby itself was shared by the family. I hold the printing equipment not to be a family asset.
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