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Tangible property

   Also found in: Wikipedia 0.04 sec.

tangible property n. physical articles (things) as distinguished from "incorporeal" assets such as rights, patents, copyrights, and franchises. Commonly tangible property is called "personalty." (See: intangible property, personal property, personalty)

TANGIBLE PROPERTY. That which may be felt or touched; it must necessarily be corporeal, but it may be real or personal. A house and a horse are, each, tangible property. The terni is used in contradistinction to property not tangible. By the latter expression, is; meant that kind of property which, though in possession as respects the right, and, consequently, not strictly choses in action, yet differ; from goods, because they are neither tangible nor visible, though the thing produced from the right be perfectly so. In this class may be mentioned copyrights and patent-rights. 1 Bouv. Inst. n. 467, 478.
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? References in periodicals archive
Certain rights to receive tangible property or services under a government contract (Sec.
The ins and outs of Sec. 197 by Bayer, Paul / The Tax Adviser
The proposed "tangibles regulations" published in the Federal Register on August 21, 2006 (1) largely refine and clarify rather than fundamentally change the decades-old criteria for distinguishing between deductible expenses incurred to repair and maintain tangible property and capitalized costs incurred to acquire, produce, or improve such property.
An overview of the proposed "tangibles" regulations by Atkinson, James L. / Tax Executive
168(h)(1)(A) refers to tax-exempt use property to mean that portion of any tangible property (other than non residential real property) leased to a tax-exempt entity.
Partner puzzles: Sec. 470's broad applicability may surprise ... by Paulsen, George / California CPA
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