Transfer Tax
| Author | Jeffrey Lehman, Shirelle Phelps |
Page 79
The charge levied by the government on the sale of shares of stock. A charge imposed by the federal and state governments upon the passing of title to real property or a valuable interest in such property, or on the transfer of a decedent's estate by inheritance, devise, or bequest.
The states also impose transfer tax on deeds used to convey...
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