TSEM6016 | Legal background to trusts & estates: the law in England & Wales - choses in possession & choses in action

From HM Revenue & Customs · Trusts, Settlements and Estates Manual

There are two groups of chattels personal (TSEM6015) - choses-in possession and choses in action.

Choses in possession

Choses in possession are tangible property, transferred by assignment, or by manual delivery.

They include

Choses in action

Choses in action are intangible property - rights of action to obtain money. They are transferred by documents.

They include