transfer tax
Property conveyance duty
A transfer tax is a government-imposed charge on the movement of assets from one party to another, most commonly applied to real estate transactions and inheritances.
When property changes hands through sale, gift, or bequest, a percentage of the value typically goes to local, state, or federal authorities.
The transfer tax added several thousand dollars to our closing costs.
Estate taxes and gift taxes are specific types of transfer taxes that apply when wealth passes between generations or individuals.
Tax on inherited assets
- probateWill validation proceedings
- estate planningPreparing asset distribution posthumously
- inheritance taxLevy on bequeathed assets
- executorAppointed estate manager
beneficiary · decedent · succession · estate tax · will · testament · trusts · fiduciary
Charge on large presents
- donorOne who contributes freely
- doneeRecipient of a transfer
- charitable giftDonation to help others
- direct paymentFunds transferred without intermediary
Compulsory government charge
- assessmentFormal evaluation of worth
- revenueBusiness income total
- dutyRequired moral task
- impositionUnfair demand on someone
tax rate · tax liability · IRS · tax return · compliance · penalty · audit · valuation
Levy on document transactions
- grantorOne who transfers rights
- granteeReceiver of awarded funds
- closing costsFees finalizing property purchase
- buyerOne who acquires things
death duties
Tax on inherited assets
- probateWill validation proceedings
- estate planningPreparing asset distribution posthumously
- inheritance taxLevy on bequeathed assets
executor · beneficiary · decedent · succession · estate tax · will · testament · trusts · fiduciary · exemption
gift tax
Charge on large presents
- donorOne who contributes freely
- doneeRecipient of a transfer
- charitable giftDonation to help others
levy
Compulsory government charge
- assessmentFormal evaluation of worth
- revenueBusiness income total
- dutyRequired moral task
imposition · tax rate · tax liability · IRS · tax return · compliance · penalty · audit · valuation · appraisal
stamp duty
Levy on document transactions
- grantorOne who transfers rights
- granteeReceiver of awarded funds
- closing costsFees finalizing property purchase
buyer · seller · real property · registration · county tax
- real estatehouse, home, apartment, property, sale
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- municipal revenuelocal taxes, property tax, sales tax, land tax, tax levies
- property recordsproperty deed, deed, deed of trust, title, trust deed
- property transfertitle, lease, conveyance, mortgage, will
- transport taxesvehicle tax, car tax, road tax, fuel tax, registration fee
transfer taxtax exemption
Freedom from governmental levies
tax break · tax cut · tax credit · tax relief · tax holiday
transfer taxincome tax
Government charge on earnings
payroll tax · sales tax · property tax · value-added tax · excise tax
transfer, taxing, transaction, taxation, transferred, transferring, transferable, taxable, untaxed