transfer tax

Definition of "transfer tax"
  1. A form of tax that is levied during the process of asset or property transfer from one entity to another
How to use "transfer tax" in a sentence
  1. The government imposes a transfer tax on the sale of real estate properties.
  2. To finalize the estate, the heirs must pay the outstanding transfer tax.
  3. As part of the transaction, the business was charged a transfer tax for the acquisition of company assets.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z