Kinds of property

  • Tangible property (property that a person can touch)
    • real property (land and attached buildings)
    • capital property (property that is purchased with the intention of holding or using it, rather than reselling it)
      • depreciable property (property that is expected to be used, generally in a business, over a number of years)
      • personal use property (property generally used by a person, not in a business context)
        • listed personal property (specifically identified property that is expected to increase in value over time, such as various types of collections)
        • other personal use property
      • other capital property
    • non-capital property (inventories of goods held for resale)
  • Intangible property (that is, property that has no physical form)
    • securities and investments
      • qualifying securities (generally, securities that are traded on a stock exchange)
      • non-qualifying securities (securities that are not traded on a stock exchange)
    • interests in tangible property
      • leasehold interests (the right to possess and use a property for a period of time, through a lease)
      • residual interests (the remaining rights to a property after the current owner continues to possess and use it; these rights are usually created in a will)
    • intellectual property (trademarks, patents, licenses, and so on)
    • other legal rights and intangibles


Charity Tax Tools



Share this resource