transfer tax

transfer tax definition - finance
  1. A local or state tax that is paid on the transfer of official documents such as deeds to property or securities. Often they are paid by purchasing a stamp.
  2. A federal tax on gifts and estates.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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