Meaning & use
immovable property
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Meaning
noununcountablelegalIndian
Property that cannot be moved from its place, such as land and the buildings or fixtures attached to it.
Grammar: Used as a mass noun: immovable property is taxed differently.
Patterns
- transfer immovable property
The couple bought immovable property in the countryside as a long-term investment.
Land and houses count as immovable property under the tax code.
The loan was secured against his immovable property.
Common combinations
- transfer immovable property
- The seller must register the deed to transfer immovable property.
- sell immovable property
- They had to sell immovable property to settle the debt.
- tax on immovable property
- The tax on immovable property rises with its assessed value.
- immovable property and movable property
- The will divided immovable property and movable property between the heirs.
- immovable property rights
- The treaty protects immovable property rights of foreign owners.
Synonyms and how they differ
- real estate
- Real estate is the common American term and also covers the business of buying and selling; immovable property is more legal and technical.
- real property
- Real property is the usual term in English-law texts and means almost the same thing.
- realty
- Realty is an older, business-flavored word that often refers to property as a market.
Opposites
Word family
- immovable adjective
- not able to be moved
- movable property noun
- items that can be carried away, such as furniture
- immovably adverb
- in a fixed, unmovable way
- property noun
- things that are owned
Commonly confused: immovable property or fixed assets?
immovable property vs fixed assets
Fixed assets are items a business keeps long-term, including machinery, and are broader than land and buildings.
Practice
Which of these is a clear example of immovable property?
Choose one answer.
Land cannot be moved, so it is immovable property. A laptop, a necklace and a van can all be carried or driven away, so they are movable.
Make it your own
Write a sentence using “immovable property”, then check it and compare it with the examples above.