| 1. | Intangible property cannot be the subject of a claim for conversion.
|
| 2. | Gift tax applies to all irrevocable transfers of interests in tangible or intangible property.
|
| 3. | Similarly, the concept of property expanded from protecting only tangible property to intangible property.
|
| 4. | In some jurisdictions intangible property are referred to as " choses in action ".
|
| 5. | Utah does not charge intangible property taxes and does not impose an inheritance tax.
|
| 6. | After the Civil War, intangible property, including corporate stock, took on far greater importance.
|
| 7. | Wisconsin does not assess a tax on intangible property.
|
| 8. | Intangible property is used in distinction to tangible property.
|
| 9. | Governments can even acquire intangible property such as contract rights, patents, trade secrets, and copyrights.
|
| 10. | As such, it is a form of intangible property, akin to copyright or patent, that is descendable.
|