Welcome to Westonci.ca, the ultimate question and answer platform. Get expert answers to your questions quickly and accurately. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
transfer tax to be paid by the seller at closing, based on $0.50 per $500, will be $230.00
A tax on the transfer of property ownership from one person (or business) to another is known as a transfer tax. A transfer tax is simply a transaction charge that is levied on the transfer of ownership of property through one entity to another in a strictly legal sense. This form of tax is often charged in cases when the transfer of real estate, shares, or bonds is required by law to be registered. Examples of such taxes include some kinds of stamp duty, real estate transfer tax, and fees for the official registration of a transfer. A notary public must certify certain types of property transactions in various countries.
To know more about transfer tax refer to https://brainly.com/question/14298674
#SPJ4
Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
