Transfer Tax
/ˈtrænsfər tæks/
Definitions
- (n.) A tax imposed on the transfer of property or assets from one person to another, typically upon sale, inheritance, or gift.
The estate was subject to a transfer tax upon the decedent's death.
Forms
- transfer tax
- transfer taxes
Related terms
See also
Commentary
Transfer taxes are often governed by state or federal statute and may vary depending on the nature of the property and the type of transfer involved.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.