Transfer Tax

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Dictionary Says

Definition of '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.
Investopedia Says

Investopedia explains 'Transfer Tax'

Transfer taxes can be levied at the federal, state and local levels, depending on the type of property being transferred. States and local municipalities often tax the transfer of legal deeds, certificates and titles to property, while the Internal Revenue Service (IRS) taxes the value of the property itself through gift and estate taxes. Transfer taxes are usually nondeductible, although they may be added to basis on the sale of securities and/or investment property.
Search results for

'Transfer Tax'

  • A Look At The Generation-Skipping Transfer Tax

    http://www.investopedia.com/articles/tax/09/generation-skipping-transfer-tax-gst.asp
    A Look At The Generation-Skipping Transfer Tax. ... Conclusion The average person will
    never have to worry about the generation-skipping transfer tax. ...

  • Tax-Efficient Wealth Transfer

    http://www.investopedia.com/articles/retirement/07/reduce-estate-tax.asp
    ... designed so that any assets or funds that are put into the trust are not taxable
    to the grantor for gift, estate, generation-skipping transfer tax or trust ...

  • How can a trust lower federal transfer tax liability?

    http://www.investopedia.com/ask/answers/08/trust-lower-tax-liability.asp
    ... How can a trust lower federal transfer tax liability? A trust is an arrangement
    in which an individual or entity controls property ...

  • Estate Planning Law Changes You Need To Know - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/Estate-Planning-Law-Changes-You-Need-To-Know.aspx
    ... What is a Generation Skipping Transfer Tax? ... (For more see, A Look At The
    Generation-Skipping Transfer Tax.). What is a Gift Tax? ...

  • Taking A Look At Tax Havens

    http://www.investopedia.com/articles/tax/09/tax-havens.asp
    ... No income tax, gift, inheritance or capital transfer tax. Website: http://www.andorra.
    ad/. ... No income tax, capital gains tax, capital transfer tax. ...

  • I want to close my IRA account. What percentage will I lose to tax ...

    http://www.investopedia.com/ask/answers/08/close-IRA-account.asp
    ... You can move the amount by means of a trustee-to-trustee transfer to another IRA ...
    keep the amount in your retirement nest egg and defer paying incomes tax on the ...

  • Understanding The Insurance Transfer-For-Value Rule

    http://www.investopedia.com/articles/insurance/10/transfer-for-value.asp
    ... then the recipient of the death benefit proceeds from the policy of the partner
    who dies first will face a substantial tax bill under the transfer-for-value ...

  • Estate Planning: Estate Taxation | Investopedia

    http://www.investopedia.com/university/estate-planning/estate-planning9.asp
    ... (Tax-Efficient Wealth Transfer can help higher net worth individuals reduce their
    estate taxes.) The federal unified-transfer-tax system, which links the ...

  • Tax-Saving Advice For IRA Holders

    http://www.investopedia.com/articles/retirement/06/TaxSavingTips.asp
    ... If the decedent's estate filed IRS Form 706 (United States Estate [and
    Generation-Skipping Transfer] Tax Return), the amount of estate tax is reflected ...

  • Saving Money With A Private Annuity Trust

    http://www.investopedia.com/articles/retirement/06/PrivateAnnuity.asp
    ... or her estate. A grandparent wants to give an asset to a grandchild and
    avoid the generation-skipping transfer tax. An investor ...

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