Tangible Personal Property

Personal property that is physical in nature and generally capable of being touched, such as jewelry, household items, furniture, automobiles, tools and equipment, guns and sporting goods. It is not “intangible personal property” such as cash, stock certificates, bonds, insurance policies, patents. Tangible personal propertyPersonal property that is physical in nature and generally capable of being touched, such as jewelry, household items, furniture, automobiles, tools and equipment, guns and sporting goods. It is not “intangible personal property” such as cash, stock certificates, bonds, insurance policies, patents. Tangible personal property is also not real estate (referred to as real property) or things generally unique to real estate or attached to real estate in a permanent fashion. is also not real estate (referred to as real property) or things generally unique to real estate or attached to real estate in a permanent fashion.