transfer tax

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.

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transfer tax

1. A tax on the transfer of securities that is paid by the seller. The SEC also imposes a small fee (1¢ per $500 value) on securities that are sold.

2. A tax on the transfer of assets by gift or by death.