Get FL DBPR 405-10 2011-2024

Understanding Tangible Personal Property Consider property such as furniture, machinery, cell phones, computers, and collectibles which can be felt compared to intangibles such as patents, copyrights, and non-compete agreements that cannot be seen or touched.

Tangible Personal Property is everything that is not real estate (land, buildings and improvements). It includes furniture, fixtures, tools, computer equipment, machinery, office equipment, supplies, leasehold improvements, leased equipment, signage, and any other equipment used in a business.

Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Stocks, bonds, and bank accounts fall under intangible personal property.

Each TPP tax return is eligible for an exemption up to $25,000 of assessed value. If the property appraiser has determined that the property has separate and distinct owners and each files a return, each may receive a $25,000 exemption.

Florida Tangible Personal Property Tax Your rental property is considered business property and, as such, you must pay a separate tax on the value of your property furnishings. This tax is in addition to your annual Real Estate or Property Tax. The return is due by April 1st.

Understanding Tangible Personal Property Consider property such as furniture, machinery, cell phones, computers, and collectibles which can be felt compared to intangibles such as patents, copyrights, and non-compete agreements that cannot be seen or touched.

If you own tangible personal property that exceeds $25,000 in value, you must file a return even if you did not receive a return from our office.

Tangible Personal Property is everything that is not real estate (land, buildings and improvements). It includes furniture, fixtures, tools, computer equipment, machinery, office equipment, supplies, leasehold improvements, leased equipment, signage, and any other equipment used in a business.

Examples of business tangible property include furniture, fixtures, computer equipment, heavy equipment, and vehicles.

Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Stocks, bonds, and bank accounts fall under intangible personal property.

Tangible personal property includes equipment, supplies, and any other property (including information technology systems) other than that is defined as an intangible property. It does not include copyrights, patents, and other intellectual property that is generated or developed (rather than acquired) under an award.

Each TPP tax return is eligible for an exemption up to $25,000 of assessed value. If the property appraiser has determined that the property has separate and distinct owners and each files a return, each may receive a $25,000 exemption.

As a business owner, you have to file a Florida tangible personal property tax return (DR-405), or TPP for short. However, it doesn't work like your income tax return. You have to pay a tax that's determined by your county's tax collector on certain fixed assets you own.

Florida Tangible Personal Property Tax Your rental property is considered business property and, as such, you must pay a separate tax on the value of your property furnishings. This tax is in addition to your annual Real Estate or Property Tax. The return is due by April 1st.

“Tangible personal property” exists physically (i.e., you can touch it) and can be used or consumed. Clothing, vehicles, jewelry, and business equipment are examples of tangible personal property.

If you own tangible personal property that exceeds $25,000 in value, you must file a return even if you did not receive a return from our office.

$25,000 TPP Exemption If you file your TPP return by April 1, you will be eligible for a property tax exemption of up to $25,000 of assessed value. (see s. 196.183, F.S.)

Examples of business tangible property include furniture, fixtures, computer equipment, heavy equipment, and vehicles.

Who must file a TPP tax return? Anyone owning tangible personal property on January 1 must file a tax return by April 1 each year unless you were notified by our office that the filing requirement has been waived.

Tangible personal property includes equipment, supplies, and any other property (including information technology systems) other than that is defined as an intangible property. It does not include copyrights, patents, and other intellectual property that is generated or developed (rather than acquired) under an award.

As a business owner, you have to file a Florida tangible personal property tax return (DR-405), or TPP for short. However, it doesn't work like your income tax return. You have to pay a tax that's determined by your county's tax collector on certain fixed assets you own.

“Tangible personal property” exists physically (i.e., you can touch it) and can be used or consumed. Clothing, vehicles, jewelry, and business equipment are examples of tangible personal property.

$25,000 TPP Exemption If you file your TPP return by April 1, you will be eligible for a property tax exemption of up to $25,000 of assessed value. (see s. 196.183, F.S.)

Who must file a TPP tax return? Anyone owning tangible personal property on January 1 must file a tax return by April 1 each year unless you were notified by our office that the filing requirement has been waived.