Is A Home Considered Tangible Property?

TANGIBLE PROPERTY.

Property that has physical substance and can be touched; Anything other than real estate or money, including furniture, cars, jewelry and china.

A house and a horse are, each, tangible property.

What is considered tangible property?

Tangible property in law is, literally, anything which can be touched, and includes both real property and personal property (or moveable property), and stands in distinction to intangible property.

What is considered real property for tax purposes?

Real property, in general, is land and anything permanently affixed to land (e.g. wells or buildings). Structures such as homes, apartments, offices, and commercial buildings (and the land to which they are attached) are typical examples of real property.

Personal property that can be felt or touched. Examples include furniture, cars, jewelry, and artwork. In contrast, cash and checking accounts are not tangible personal property. The law is unsettled as to whether computer data is tangible personal property. Compare: intangible property.