Business Personal Property 101

Tip #1: Determine the type of business personal property assets that your company owns.

What is Georgia's definition of personal property?

Personal property is all tangible and intangible personal property. 

Tangible personal property can be seen, weighed, measured, felt, touched, or which is in any other manner perceptible to the senses.

• ·         Furniture and fixtures
• ·         Computers
• ·         Machinery and equipment
• ·         Security systems
• ·         Communication towers
• ·         Signs

Intangible personal property is:

• ·         Capital stock of corporations
• ·         Annuities
• ·         Money
• ·         Notes
• ·         Bonds
• ·         Patent rights
• ·         Copyrights
• ·         Franchises

Only tangible business personal property is taxable and returnable on the Georgia PT50P-Business Personal Property form.