Tangible Personal Property

Description and Definition of Tangible Personal Property

Assets that physically exist that are not real property. Business equipment such as desks, computers, machinery, and autos are tangible personal property. Assets such as stocks, bonds, certificates of deposit, and franchises only represent value and are therefore intangible property.

Resources

See Also

Further Reading

• Tangible Personal Property in the West's Tax Law Dictionary
• Tangible Personal Property in “A Dictionary of Taxation”