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real and personal property

   Also found in: Wikipedia 0.01 sec.

real and personal property

Basic types of property in English common law, roughly corresponding to the division between immovables and movables in civil law. Real property consists of land, buildings, crops, and other resources, improvements, or fixtures still attached to the land. Personal property is essentially all property other than real property, including goods, animals, money, and vehicles.



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Hartford City will provide the company with a 10-year tax abatement on real and personal property and up to $565,000 for off-site infrastructure improvements.
This is in contrast to the definition of real and personal property for purposes of tax depreciation under Sec.
When a CSS is completed before the closing date, the purchaser has the opportunity to apportion the purchase price between real and personal property.
 
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