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 ?
Contract notice: Supply of uniforms, Special and working clothes and other tangible property for military police
For this purpose, any tangible property held by a CFC for less than a 12-month period that includes at least the close of one quarter during the CFC's taxable year is presumed to have been acquired with a principal purpose to reduce a U.S.
federal income tax purposes, as measured as of the close of each quarter of the tax year) in specified tangible property used by the CFC in a trade or business and for which a deduction is allowable under Sec.
In turn, the QOF must hold at least 90% of its assets in QOZ property, which includes tangible property used in a trade or business of the QOF if either (1) the "original use" of the property in the QOZ commenced with the QOF, or (2) the QOF "substantially improves" the property.
They cover equity and non-monetary remedies; principles of damages; restitution; harms to interests in tangible property; interference with economic rights; invasion of civil rights and dignitary interests; personal injury and death; fraud and misrepresentation; duress, undue influence, and unconscionable conduct; mistake in contracting and gift transactions; remedies for breach of contract; and unenforceable contracts and restitution.
Writing for the majority, Hess found that the students never alleged physical injury to tangible property or the loss of the use of tangible property.
At the police station, the officers asked Searight if he had anything illegal on him and he pulled out two baggies of cocaine, which led to the third-degree criminal possession charges.<br />"We agree with defendant that the court erred in refusing to suppress defendant's statements and tangible property, including the cocaine, seized as the result of his arrest, inasmuch as the People failed to meet their burden of showing the legality of the police conduct in arresting defendant in the first instance," the Fourth Department panel wrote.<br />According to the decision, an officer can take action based on "a radio bulletin or a telephone or teletype alert from a fellow officer or department and to assume its reliability," the panel wrote, citing People v.
Leases of tangible property are generally treated as a sale or purchase of the property, and therefore require the collection of sales tax (or self-assessment of use tax) based on the full consideration in the transaction [NYCRR 20 section 526.7 (b)].
Part of Middlesex's initial filing also included a request for regulatory accounting treatment for $28.7M of accumulated deferred tax benefits associated with required adoption of tangible property regulations issued by the Internal Revenue Service.
Property can be categorized as either Tangible property and Intangible property.
179 expensing, and the de minimis exception to the tangible property, or "repair," regulations.
1.263(a)-1(f)(1)(ii)(D) provides a 1500 de minimis safe harbor limit for taxpayers without an applicable financial statement (AFS) to expense items under the tangible property "repair" regulations (see the June 2015, California CPA, Page 23).