TSEM6005 - Legal background to trusts & estates: the law in England & Wales - definition of property
In these notes ‘property� means anything tangible or intangible, which can be owned. Ownership can pass to another owner. Effectively this means any assets. ‘Property� is not just real property, or interests in land or buildings.
»Ê¹ÚÌåÓýapp two types of property
»Ê¹ÚÌåÓýappre are two main types of property - realty (real property) and personalty (personal property). »Ê¹ÚÌåÓýappre are differences in the law applicable to each.
Notes about realty are at TSEM6006.
Notes about personality are at TSEM6007.