(b) Immovable property. An example of immovable property would be a house or tract of land.Theft vs Retail Theft. Property is considered "movable" when its location can be changed or moved including property that is "growing on, affixed to, or found inland. The movable property includes items that you can carry or move away, including electronics, jewelry, and other similar items. (5) Land banks are one of the tools that municipalities may use to facilitate the return of vacant, abandoned and tax-delinquent properties to productive use. PAR's Buyer Agency Contract includes all of the legallyrequired language and allows for a buyer's broker fee to be structured in several ways. Gains from the sale, exchange or other disposition of any kind of property are taxable under the Pennsylvania personal income tax (PA PIT) law.