Transaction tax

(redirected from Transfer Taxes)

Transaction tax

Applies mainly to international equities. Levies on a deal that foreign governments sometimes charge.

Transaction Tax

A tax on a sale of property, especially the sale of a security. This is rarely used in the United States. In 1968, the City of Philadelphia levied a small transaction tax on all shares traded on the Philadelphia Stock Exchange, which caused the Exchange to move to Bala Cynwyd, immediately outside Philadelphia, until the tax was rescinded. More rarely, the term transaction tax may refer to a tax on the transfer of title on any property such as real estate. In this sense, capital gains taxes and estate taxes are transaction taxes. It is also called a transfer tax. See also: Stamp duty.
References in periodicals archive ?
In addition, transfers between entities that had the same owners were also exempt from real estate transfer taxes.
If you' re contemplating a merger or acquisition, be sure to consider the potential impact of real estate transfer taxes.
The national real estate brokerage lobby wants Oregon voters to write a ban on real estate transfer taxes into the state Constitution in the Nov.
transfer taxes is usually the alien investor's principal concern in utilizing a non-U.
Since title and settlement agents ultimately pay and file recording fees and transfer taxes, having timely access to the most reliable data available is critical," said Paul Mass, president of ClosingCorp.
EGTRRA contains a sunset provision, which essentially returns the federal estate, gift, and generation-skipping transfer taxes to their pre-EGTRRA form beginning in 2011.
Combined, state and city transfer taxes here add up to 3.
These transfer taxes are commonly branded, albeit inaccurately, death taxes, which is a sure sign of their growing unpopularity.
The Realtors association said the bill would have protected consumers by placing responsible restrictions on private transfer taxes levied by developers and limiting the proceeds to environmental and affordable housing efforts.
The court noted that the legislative history revealed Congressional intent to (1) apply Federal transfer taxes as uniformly as possible and (2) tax GSTs having a similar effect in a similar manner.