Transfer tax

In some jurisdictions, transfers of certain forms of property require confirmation by a notary.

While notarial fees may add to the cost of the transaction, they are not a transfer tax in the strict sense of the term.

In England and Northern Ireland, property transfers between living persons or other legal entities incur a Stamp Duty Land Tax.

Subjected to the tax is usually the act of transfer of legal deeds, certificates and titles to a property that are being shifted between the seller and the buyer.

Therefore, local and state government are permitted to collect the tax based not only on the size of a property, but also its intended purpose.

The real estate tax is not imposed by five of the United States of America and those are Mississippi, Missouri, New Mexico, North Dakota, and Wyoming.