For intangible property ( and personal property not subject to depreciation ), the more general test of nature or character applies.
22.
A unique category of property is money, which in some legal systems is treated as tangible property and in others as intangible property.
23.
Property-defined at s . 71 ( 1 ) of the Crimes Act 1958 as being both tangible property, including money and intangible property.
24.
Income related to use of intangible property ( e . g ., royalties ) is generally treated as arising where the property is used.
25.
However, the increasing importance of intangible property, such as corporate stock, caused the states to shift to other forms of taxation in the 1900s.
26.
In this dichotomous formulation, knowledge exists either as codified rules and facts or as some intangible property of the body that performs the task.
27.
In countries with a sophisticated private property system, documents of title are commonly used for real estate, motor vehicles, and some types of intangible property.
28.
If it is intangible property, such as shares in U . S . corporations and interests in partnerships or LLCs, there is no gift tax.
29.
Kubrick's 1974 will included bequests of " various intangible property standing in the name of Stanley Kubrick in Los Angeles County, " attorney James Birnberg said.
30.
In English law, however, the recent case of " OBG Ltd . v . Allan " held intangible property cannot be the subject of a claim for conversion.
