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Transfer Tax
(redirected from Transaction tax)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

The charge levied by the government on the sale of shares of stock. A charge imposed by the federal and state governments upon the passing of title to real property or a valuable interest in such property, or on the transfer of a decedent's estate by inheritance, devise, or bequest.

The states also impose transfer tax on deeds used to convey real property.



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The group will examine the rationale of securities transaction tax and stamp duty.
Gord gave another opinion at the weekend's G20 summit on transaction tax.
He said: "We do need to look ahead to see whether or not it would be possible to develop a transaction tax that would have to be universal, it would be comprehensive in its scope, and would have to be compatible of financial stability as well as making sure that it is fair and didn't distort things.
 
 
 
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