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Transfer tax information


A transfer tax is a tax on the passing of title to property from one person (or entity) to another.

In a narrow legal sense, a transfer tax is essentially a transaction fee imposed on the transfer of title to property from one entity to another. This kind of tax is typically imposed where there is a legal requirement for registration of the transfer, such as transfers of real estate, shares, or bond. Examples of such taxes include some forms of stamp duty, real estate transfer tax, and levies for the formal registration of a transfer. In some jurisdictions, transfers of certain forms of property require confirmation by a notary. While notarial fees may add to the cost of the transaction, they are not a transfer tax in the strict sense of the term.

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Transfer tax

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A transfer tax is a tax on the passing of title to property from one person (or entity) to another. In a narrow legal sense, a transfer tax is essentially...

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Property tax

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real estate transfer tax. This tax can be contrasted with a rent tax, which is based on rental income or imputed rent, and a land value tax, which is a...

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Inheritance tax in the United Kingdom

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United Kingdom, inheritance tax is a transfer tax. It was introduced with effect from 18 March 1986, replacing capital transfer tax. The UK has the fourth...

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Inheritance tax

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International tax law distinguishes between an estate tax and an inheritance tax. An inheritance tax is a tax paid by a person who inherits money or property...

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Real estate transfer tax

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Real estate transfer tax is a tax that may be imposed by states, counties, or municipalities on the privilege of transferring real property within the...

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Gift tax

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a gift tax is the tax on money or property that one living person or corporate entity gives to another. A gift tax is a type of transfer tax that is...

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Estate tax in the United States

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States, the estate tax is a federal tax on the transfer of the estate of a person who dies. The tax applies to property that is transferred by will or, if...

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Marihuana Tax Act of 1937

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Marihuana Tax Act of 1937, Pub. L.Tooltip Public Law (United States) 75–238, 50 Stat. 551, enacted August 2, 1937, was a United States Act that placed a tax on...

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Gift tax in the United States

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A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal...

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Taxation in South Africa

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dividends tax. Securities Transfer Tax (STT) was implemented from 1 July 2008 under the Securities Transfer Tax Act (2007) and Securities Transfer Tax Administration...

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Stamp duty in the United Kingdom

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land tax" (SDLT), a new transfer tax derived from stamp duty, was introduced for land transactions from 1 December 2003. "Stamp duty reserve tax" (SDRT)...

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Tax

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impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, environmental taxes, payroll taxes, duties and/or...

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Transfer pricing

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controlled transactions to distort taxable income, tax authorities in many countries can adjust intragroup transfer prices that differ from what would...

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Taxation in the United States

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2020, taxes collected by federal, state, and local governments amounted to 25.5% of GDP, below the OECD average of 33.5% of GDP. U.S. tax and transfer policies...

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Taxation in Canada

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property taxes: the annual tax and land transfer tax. Annual Property Tax The municipal level of government is funded largely by property taxes on residential...

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Taxation in Zambia

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following direct taxes: Company Income Tax, Personal Income Tax, Withholding Tax, Presumptive Tax and Property Transfer Tax. Company Income Tax The general...

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Stamp duty

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that are members of a qualifying exchange. "Stamp Duty Land Tax" (SDLT), a new transfer tax derived from stamp duty, was introduced for land and property...

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Ad valorem tax

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An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed...

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Taxation in Germany

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which has influenced tax policies. Today, income tax and Value-Added Tax (VAT) are the primary sources of tax revenue. These taxes reflect Germany's commitment...

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Turnover tax

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taxes. Cascade tax Goods and Services Tax Gross receipts tax Sales tax Turnover tax in the Soviet Union Value-added tax "Turnover Tax for Small Business"...

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Taxation in Andorra

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Transfer Tax Law. Law 7/2006, of June 21, amending the Real Estate Transfer Tax Law. Tax on the provision of insurance services (2002). Indirect Tax Law...

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Taxation in Finland

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[Property Tax Act] (in Finnish). s 13(1). Retrieved 23 June 2024. "Transfer tax". www.vero.fi. Tax Administration. Retrieved 26 April 2024. "Finnish Tax Administration...

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IRS tax forms

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used to report estate taxes Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return, is used to report gift taxes Informational returns...

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Taxation in Hong Kong

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tax rules and to smooth the tax collection process. Taxes collected in Hong Kong can be generally classified as: Direct tax – including Salaries Tax,...

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National Firearms Act

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in the United States that, in general, imposes an excise tax on the manufacture and transfer of certain firearms and mandates the registration of those...

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Corporate tax in the United States

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taxable incomes and computes a combined tax. Where related parties do not file a consolidated return in a jurisdiction, they are subject to transfer pricing...

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State income tax

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income tax collected by the United States, most individual U.S. states collect a state income tax. Some local governments also impose an income tax, often...

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