transfer tax


transfer 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 transfer tax and the Federal tax, an estate tax, but both have been imposed as excises on the transfer of property from a decedent and both to take effect at the instant of transfer. Frick v Pennsylvania, 268 US 473, 69 L Ed 1058, 45 S Ct 603, 42 ALR 316. See gift tax; inheritance tax; stock transfer tax; succession tax.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • transfer 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

  • Transfer 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

  • Transfer 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

  • transfer 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

  • transfer 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

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

  • transfer 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

  • Generation-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

  • 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 jurisdiction. Total transfer taxes range from very small (for example, .01% in Colorado) to relatively large (2.2% in… …   Wikipedia

  • generation-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


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