Tangible property


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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.

References in periodicals archive ?
Open Competition: Providing A Set Of Measures Directed To The Protection Of The Tangible Property Of The Object, Ensuring Intrabuilding And Admission Control GBU Zhilischnik District Brateevo In 2016
In August 2014, regulations detailing the treatment of dispositions of tangible property were issued.
In one of the first studies comparing relative value of insurance protection, the research firm surveyed more than 2,200 companies in nearly 40 countries and found that, while cyber is one of the fastest growing risks for companies worldwide, companies are only protecting 11% of those assets, compared to 51% of tangible property assets.
The global study, which surveyed more than 2,200 companies in 40 countries, found that while cyber is one of the fastest growing risks for companies, businesses are only protecting 12% of those assets compared to 51% of tangible property assets, leaving IT assets 39% more exposed than property assets.
2015-20, which made it easier for small businesses to apply repair regulations by allowing for a change in the method of accounting under the final tangible property regulations on a prospective basis beginning on or after Jan.
9636) that provide guidance on amounts paid to acquire, produce, or improve tangible property.
The tangible property regulations will require most businesses to change their accounting methods beginning with the 2014 tax year.
For the first tax year beginning on or after January 1, 2014, small business taxpayers may make changes to their method of accounting for tangible property without filing Form 3115, Application for Change in Accounting Method.
New IRS rules for the capitalization of expenditures relating to tangible property have particular ramifications for the real estate industry, according to Michael D'Addio, a Tax & Business Services Partner with Marcum LLP, a top accounting and advisory firm with a national real estate practice.
The tangible property regulations (TPRs) are the most dramatic changes in tax law to affect businesses since the overhaul of the Internal Revenue Code in 1986.
Final Tangible Property Regulations compliance for a publicly-traded automotive retailer including historical s.
The topic of the luncheon was "Understanding the Tangible Property Final and New Proposed Regulations".