That depends on the use. Are you using it as a productive business for profit or just something you like, maybe even for some side money. Are you hiring employees to work it for you? Once you make it a mode of production it’s considered a privately owned means of production. If it’s something you just have, it’s personal property.
That’s the gist anyway. These are actual, defined terms and not just things people throw around on the internet. If you want something more specific, doing a search will probably get a better explanation than I’m good at giving.
That depends on the use. Are you using it as a productive business for profit or just something you like, maybe even for some side money. Are you hiring employees to work it for you? Once you make it a mode of production it’s considered a privately owned means of production. If it’s something you just have, it’s personal property.
That’s the gist anyway. These are actual, defined terms and not just things people throw around on the internet. If you want something more specific, doing a search will probably get a better explanation than I’m good at giving.