transfer tax

  • 1transfer tax — n: a tax (as a gift tax or estate tax) imposed on the transfer of property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. transfer tax …

    Law dictionary

  • 2Transfer tax — 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. This kind of tax is… …

    Wikipedia

  • 3transfer tax — A tax on the transfer of or succession to property. Colorado v Harbeck, 232 NY 71. A tax in the nature of an excise tax on the transfer of property. Cole v Nickel, 43 Nev 12, 177 P 409, 185 P 565. The state tax on inheritance has been called a… …

    Ballentine's law dictionary

  • 4Transfer Tax — Any kind of tax that is levied on the transfer of official documents or other property. Transfer tax is paid by the seller of the property. Gift and estate taxes are both transfer taxes. Transfer tax is also known as excise tax in some states.… …

    Investment dictionary

  • 5transfer tax — A tax upon the passing of the title to property or a valuable interest therein out of or from the estate of a decedent, by inheritance, devise, or bequest. See estate tax inheritance tax unified transfer tax Tax on the transfer of property,… …

    Black's law dictionary

  • 6transfer tax — noun any tax levied on the passing of title to property • Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement • Hyponyms: ↑inheritance tax, ↑estate tax, ↑death tax, ↑death duty * * * …

    Useful english dictionary

  • 7transfer tax — noun a transaction fee (often relatively small in relation to the value of property) imposed on the transfer of title to property …

    Wiktionary

  • 8transfer tax — A small federal tax on the movement of ownership of all bonds (except obligation of the US, foreign governments, states, and municipalities) and all stocks. Bloomberg Financial Dictionary …

    Financial and business terms

  • 9Generation-skipping transfer tax — The U.S. Generation skipping transfer tax imposes a tax on both outright gifts and transfers in trust to or for the benefit of persons two or more generations younger than the donor, such as grandchildren. The generation skipping tax will be… …

    Wikipedia

  • 10Real estate transfer tax — is a tax that may be imposed by states, counties, or municipalities on the privilege of transferring real property within the jurisdiction. Total transfer taxes range from very small (for example, .01% in Colorado) to relatively large (2.2% in… …

    Wikipedia

  • 11generation-skipping transfer tax — A federal tax imposed on large amounts of money given or left to a grandchild or great grandchild. Its purpose is to keep families from avoiding the estate tax that would be due if the oldest generation left property to their children, who then… …

    Law dictionary

  • 12Uniform Transfer Tax — A combination of federal estate taxes and federal gift taxes. Uniform transfer tax taxes the transfer of assets from the death of a person to their chosen beneficiary as well as when assets are transfered from one individual to another without… …

    Investment dictionary

  • 13unified transfer tax — n: a tax imposed under the Internal Revenue Code on the cumulative total of gifts made over a certain amount by a person during his or her lifetime or after death – called also unified estate and gift tax; see also unified credit ◇ The unified… …

    Law dictionary

  • 14Form 706-NA: United States Estate (And Generation-Skipping Transfer) Tax Return — A tax form distributed by the Internal Revenue Service (IRS) that used to calculate the generation skipping transfer tax liability for estates of non resident aliens of the United States. The generation skipping tax is levied when the transfer of …

    Investment dictionary

  • 15generation–skipping transfer tax — n: a transfer tax on a generation skipping transfer – called also generation skipping tax; Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …

    Law dictionary

  • 16capital transfer tax — UK US noun [S or U] (ABBREVIATION CTT) ► TAX, PROPERTY in the UK, a tax paid on any property, money, and other assets that are given to someone. This tax was replaced by inheritance tax in 1986: »This gift was subject to capital transfer tax …

    Financial and business terms

  • 17Capital Transfer Tax — An inheritance tax levied in the United Kingdom on estates exceeding a certain value. The Capital Transfer Tax replaced the general estate duty in 1975, and was itself replaced by the Inheritance Tax (IHT) in 1986. The amount of tax was derived… …

    Investment dictionary

  • 18unified transfer tax — A federal tax levied on the transfer of property through an estate at the time of death or on a taxable transfer by gift. The estate or the donor is responsible for payment of the tax. The unified credit may be applied against the unified… …

    Black's law dictionary

  • 19generation-skipping transfer tax — The 1986 Tax Reform Act imposes a generation skipping transfer tax on (1) transfers under trusts (or similar arrangements) having beneficiaries in more than one generation below that of the transferor, and (2) direct transfers to beneficiaries… …

    Black's law dictionary

  • 20generation-skipping transfer tax — The 1986 Tax Reform Act imposes a generation skipping transfer tax on (1) transfers under trusts (or similar arrangements) having beneficiaries in more than one generation below that of the transferor, and (2) direct transfers to beneficiaries… …

    Black's law dictionary