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What is the Tangible personal property?

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Question added by hussam Alrayan , property Manager , Al-Rashed real estate
Date Posted: 2014/04/09
Adrian Lamond
by Adrian Lamond , Group Technical Manager , Sanipex Group

If you can touch it or taste it it's probably tangible.

Ernesto Manalo
by Ernesto Manalo , Property Manager , Bellavita Land Co

Tangible personal property (covers a wide variety of equipment that can be moved) is the opposite of real property...

Tangible personal property refers to any type of property that can generally be moved (i.e., it is not attached to real property or land), touched or felt. These generally include items such as furniture, clothing, jewellery, art, writings, or household goods. In contrast a real property or real estate is immovable, such as land and buildings.

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