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Personal property

Personal property includes all movable and tangible things that are not real property—such as money, goods, furniture, motor vehicles, animals, stocks, bonds, patents, copyrights, merchandise, and personal annuities.

In South Carolina, personal property is defined as any property that is not real estate, which means it includes movable items and intangible assets. This encompasses a wide range of items such as money, goods, furniture, vehicles, animals, and financial instruments like stocks and bonds. Intellectual property rights such as patents and copyrights are also considered personal property. Additionally, personal annuities, which are investment products that pay out a fixed stream of payments to an individual, are classified as personal property. The state has specific regulations and tax implications for personal property. For instance, South Carolina requires the annual filing of a personal property tax return for certain types of personal property, and the value of personal property can affect estate settlements. It's important for individuals and businesses to understand how personal property is categorized and taxed to ensure compliance with state laws.

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Personal property

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South-Carolina State Code

South-Carolina State Code

Personal property

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