Intangible Personal Property

Intangible Personal Property

Property, other than real property, with no intrinsic value; its value lies in the rights conveyed. Examples include cash, insurance, stock, goodwill, and patents.
References in periodicals archive ?
The new credit facility is collateralized by a substantial portion of the Company's tangible and intangible personal property and other assets, including the stock and assets of its material domestic subsidiaries that are guarantors of the facility, and by certain real property located in Culpeper, Virginia, Redmond, Washington and Los Angeles, California.
taxation of resident income and intangible personal property wherever
Property, which is considered intangible personal property and is therefore not subject to federal gift tax when given by a NKNC, includes:
If your business provides services or intangible personal property, the rules are more complicated.
Launched in late February 2011, Project HEART seeks to identify Jewish Holocaust victims and their heirs worldwide whose families owned real estate, movable, immovable, or other intangible personal property that was confiscated, looted, or forcibly sold in countries governed or occupied by the Nazi forces or Axis powers during the Holocaust era.
Intangible personal property is subject to state estate tax in the individual's domicile state.
The appraisal of a nursing facility typically involves the valuation of the total assets of the business, including the real estate interest and the tangible and intangible personal property assets.
So the extent to which the purchase price can be allocated to tangible and intangible personal property can have a big impact on your tax bills.
1031(a)-2(c)(1) provides that an exchange of intangible personal property qualifies for non-recognition under section 1031 only if the exchanged intangible properties are of a like kind.
CS/SB 2348 (Intangible Tax Rate): The bill reduces the annual tax rate of the intangible personal property tax to 0.
The report categorizes supplies made by electronic means as either intangible personal property or services.
First, Revised Article 9 specifically includes payment obligations from the sale, lease, or license of intangible personal property as covered "accounts.