Difference between revisions of "Personal property"
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Depending on the jurisdiction, personal property may or may not be subject to [[property tax]] (generally business personal property is, while individual personal property may not be except for a large item such as a vehicle). | Depending on the jurisdiction, personal property may or may not be subject to [[property tax]] (generally business personal property is, while individual personal property may not be except for a large item such as a vehicle). | ||
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| + | ==Marxism== | ||
| + | In Marxist theorem, personal property is distinguished from [[private property]] because of its social impact. Marxists view private property in its relation to the means of production. Examples of this include manufacturing facilities, farms, and retail or commercial offices. This is a major point of disagreement between Marxists and others, who view personal property and private property to be the same and without distinction. | ||
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| + | Personal property has no relation to the means of production in the Marxist view, it's just stuff that you own, use, and enjoy personally. | ||
[[Category:Legal Terms]] | [[Category:Legal Terms]] | ||
[[Category:Real Estate]] | [[Category:Real Estate]] | ||
Revision as of 00:24, April 14, 2022
In legal terms, personal property is anything a person owns other than real estate.
Personal property may be physically attached to real estate, but it cannot be a type of property that would result in the real estate being useless. For example, a window air conditioner is considered personal property (as it may be removed without significant damage to the house), but a central HVAC unit would not be considered personal property.
Depending on the jurisdiction, personal property may or may not be subject to property tax (generally business personal property is, while individual personal property may not be except for a large item such as a vehicle).
Marxism
In Marxist theorem, personal property is distinguished from private property because of its social impact. Marxists view private property in its relation to the means of production. Examples of this include manufacturing facilities, farms, and retail or commercial offices. This is a major point of disagreement between Marxists and others, who view personal property and private property to be the same and without distinction.
Personal property has no relation to the means of production in the Marxist view, it's just stuff that you own, use, and enjoy personally.
