Conveyance Tax

Definition

  • A tax placed on the transfer of property in a real estate transaction.

Synonyms
handoff, transfer tax, change of possession, transference

Alternate Spellings
fees

Related Terms and Acronyms

  • Land Transfer Tax (LTT) Acronym,
    • A provincial tax payable on any property that changes hands. First time buyers may be eligible for a rebate.
  • Property Tax Definition,
    • A levy by a city on real estate and personal property whose amount varies depending on the property's value.
  • Real Estate Attorney Definition,
    • A lawyer who specializes in the transfer of land and buildings and property tax issues.
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