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Transfer Tax

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Transfer Tax

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
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References in periodicals archive
He said Capital Transfer Tax Act provided for exemption of transactions involving transfer of property to a person in consideration of the performance of any customary rites such as bogadi if their value did not exceed P5 000.
The federal credit for state death transfer taxes "became the foundation for many state death tax systems." (40) In the few years following 1926, almost every state adopted a death transfer tax equal to or above the maximum federal credit.
The city government has not increased the RPT and transfer tax since 2005.
If you' re contemplating a merger or acquisition, be sure to consider the potential impact of real estate transfer taxes. Depending on where you're located and the amount of real estate involved, these taxes can add a significant cost to a deal.
In the flood of bills introduced during most Oregon legislative sessions, there's usually a bill to pave the way for a real estate transfer tax.
DART delivers access to accurate recording fee and transfer tax information for any address in the United States, and reflects unique requirements based on geographic location.
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