transfer tax
1
6.3
- noun
- Formal
:
impuesto de transferencia
- Funding through tax rebates, real estate transfer taxes, excise taxes, general funds, and private dollars are tools that have all been used to support wildlife and their habitats (Mangun and Shaw 1984, Smith and Shogren 2001).
- estate transfer tax
- real estate transfer tax
- property transfer tax
Examples
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This incentive will ensure that buyers interested in fixing up the property can do so without any issues related to a higher transfer tax.
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The rich setting up dynasty trusts are willing to pay their advisers for the privilege of avoiding transfer taxes forever.
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Do you know what the New Jersey Real Estate Transfer Tax is?
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One of the unique incentives included is the reduced transfer tax to 1 percent.
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Real Estate Transfer Tax
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The legislation also affected estate planning, lowering the tax rates on estates, gift tax, and generation-skipping transfer taxes, and increasing the exemptions.
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"To buy a machine gun, you have to go through such a vetting, such a federal BATF and local law enforcement, national law enforcement review, background check, fill out all kinds of documents, and buy a $200 transfer tax certificate per purchase if they allow it."
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Abstract fees, abstract of title fees, charges for installing utility services, legal fees including fees for the title search and preparation of the sales contract and deed, recording fees, survey fees, transfer taxes, owner's title insurance, and any amounts the seller owes that you agree to pay, such as interest, recording or mortgage fees, charges for improvements or repairs, and sales commissions.
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The city council proposed increasing the transfer tax on property sales to fund local schools.
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Many buyers are concerned about the new transfer tax that will be implemented next year.
Antonyms
How High
Surface Forms
Morphology
The meaning 'a tax on passing title or ownership' is directly derivable from combining 'transfer' (to pass ownership/title) with 'tax' (a government charge). This is a straightforward compositional noun–noun compound found across languages, so a B1 learner who knows the constituents would readily infer the meaning.
Etymology
Transfer tax comes from the simple image of someone handing an item to another person while a small fee is taken at that moment. The word transfer means 'move ownership' and tax means 'a fee', so transfer tax is a fee charged when property 'changes hands'.