Transfer Tax

Transfer Tax Definition (in the Accounting Vocabulary)

The New York State Society of Certified Public Accountants offers the following definition of Transfer Tax in a way that is easy for anybody to understand: Combined federal TAX on gifts and estates.

Concept of Transfer Tax in the context of Real Property

A short definition of Transfer Tax: State tax on the transfer of real property. Based on purchase price or money changing hands. Check statutes for each state. Also called documentary transfer tax.

Concept of Transfer Tax in the context of Real Property

A short definition of Transfer Tax: State tax on the transfer of real property. Based on purchase price or money changing hands. Check statutes for each state. Also called documentary transfer tax.