Transfer Tax legal definition of Transfer Tax. Transfer Tax synonyms by the Free Online Law Dictionary.

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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.

? References in periodicals archive
Among other costs, there may be transfer tax assessed upon the deeding of the property from the partnership to the investors as tenants-in- common. What happens when one partner says no to an exchange? by Michaels, Pamela A. / Real Estate Weekly Unlike previous years, the 2006-07 budget projects a 10 percent drop in the city's documentary transfer tax (based on the volume of real estate transactions within the city) from current budget year levels of about $214 million. Villaraigosa's proposed budget includes fee and tax hikes by Fine, Howard / Los Angeles Business Journal Entitled Report on Reform of Federal Wealth Transfer Taxes and developed by the Task Force on Federal Wealth Transfer Taxes, it assesses--on the basis of simplicity, compliance, and consistency of enforcement--the temporary repeal of the estate and generation-skipping transfer taxes, the phase-out period, the continuation of the gift tax after repeal, the modified carryover basis rule and the alternatives to federal wealth transfer tax repeal. Joint task force report on estate and gift tax reform available by CPA Letter More results

Among other costs, there may be transfer tax assessed upon the deeding of the property from the partnership to the investors as tenants-in- common.

What happens when one partner says no to an exchange? by Michaels, Pamela A. / Real Estate Weekly

Unlike previous years, the 2006-07 budget projects a 10 percent drop in the city's documentary transfer tax (based on the volume of real estate transactions within the city) from current budget year levels of about $214 million.

Villaraigosa's proposed budget includes fee and tax hikes by Fine, Howard / Los Angeles Business Journal

Entitled Report on Reform of Federal Wealth Transfer Taxes and developed by the Task Force on Federal Wealth Transfer Taxes, it assesses--on the basis of simplicity, compliance, and consistency of enforcement--the temporary repeal of the estate and generation-skipping transfer taxes, the phase-out period, the continuation of the gift tax after repeal, the modified carryover basis rule and the alternatives to federal wealth transfer tax repeal.

Joint task force report on estate and gift tax reform available by CPA Letter

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