Tangible property means things that have both a physical existence that can be touched and intrinsic value whereas intangible property has value,but is more abstract.

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Tangible property refers to physical things that have inherent value such as a car or a house. Intangible property, on the other hand, refers to assets that lack physical substance but still have value, such as intellectual property or brand recognition.

Tangible Property Means Things That Have Both a Physical Existence