Right to property

The right to property, or the right to own property (cf. ownership) is often[how often?] classified as a human right for natural persons regarding their possessions. A general recognition of a right to private property is found[citation needed] more rarely and is typically heavily constrained insofar as property is owned by legal persons (i.e. corporations) and where it is used for production rather than consumption.[1][need quotation to verify]

A right to property is specified in Article 17 of the 1948 Universal Declaration of Human Rights,[2] but it is not recognised in the 1966 International Covenant on Civil and Political Rights or in the 1966 International Covenant on Economic, Social and Cultural Rights.[3] The 1950 European Convention on Human Rights acknowledges a right for a natural or legal person to "peaceful enjoyment of his possessions", subject to the "general interest or to secure the payment of taxes."[4]

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