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