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Intangible Personal Property

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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.


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Intangible Personal Property Generally, HST will apply to consideration that becomes due, or is paid without having become due, on or after July 1, 2010 for a supply of intangible personal property by way of sale.
In determining whether intangible personal property is of like kind, the Sec.
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.
 
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