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what is tangible property

1Answers
MargaretFitz
11/28/2025, 06:50:46 AM

Tangible personal property is a tax-related term referring to physical items that can be touched and moved. Examples include vehicles, furniture, jewelry, household appliances, and business equipment. This type of property is distinct from real property and intangible assets, and it is often subject to specific taxation rules based on its value and use.

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