Whereas on the other hand, immovable property is an immovable object. · It is an item of property that can only be moved after destroying or ...rakeshnarularakeshnarula8MostImportantDifferencesBetweenMovablePropertyAndImmovablePropertyRakeshNarula&Co.FollowMar4,2019·2minreadWhatismovableproperty?Personalpropertyisgenerallyconsideredapropertythatismovable,asopposedtorealpropertyorrealestate.Incivillawsystems,personalpropertyiscalledmovableproperty—thisisanypropertythatcanbemovedfromonelocationtoanother.Whatisimmovableproperty?Whereasontheotherhand,immovablepropertyisanimmovableobject.Itisanitemofpropertythatcanonlybemovedafterdestroyingoralteringit.Immovablepropertyincludescampuses,propertyrights,houses,land.Itisboundbygeographiccoordinatesorbyreferencetolocallandmarks,dependingonthejurisdiction.Apartfromthedifferencesinthemethodsofvaluationofimmovablepropertyandmovableproperty,themajordifferencescanbeunderstoodfromthebelowpoints:MovableProperty:1.Amovablepropertycaneasilybemovedfromoneplacetoanother,withoutchangingitsshape,size,quantityorquality.Commonexamplesarevehicles,books,utensils,timber,etc.2.Banyantrees,ifcutandsoldfortimberpurpose,areconsideredasmovableproperty.3.Acontractforcuttingthebamboosandcollectionoftobaccoleavescomesunderthemovableproperty.4.AmovablepropertyhasnoneedtoberegisteredundertheIndianRegistrationAct,1908.Itispurelyvoluntary.5.Movablepropertyissubjecttosalestax,andCentralsalestax,subjecttocertainrestrictionsandconditionsunderthe(concernedstate)GeneralSalesTaxActandtheCentralSalesTaxAct,1956.6.Meredeliverywithanaimtotransferthemovablepropertycompletesthetransfer.7.Amovablepropertydoesnotformanincreasetoanancestralimpartibleestate.Immovableproperty:1.Theimmovablepropertyisnoteasytotransportfromoneplacetoanother.Iftransported,itcanloseitsoriginalshape,volume,quantityorquality.Commonexamplescanbeland,houses,treesattachedtotheground.2.Mangotrees,ifsoldfornourishmentandforfruitscanbeconsideredasimmovableproperty.3.Cuttingthebamboosforanumberofyear