Primary discriminatory tax must be taken into account in foreign competition transfer taxes. A transfer tax is a fee assessed when ownership or title of property is transferred from one person or entity to another. A county, municipality, or state may levy a transfer tax.
Although it may be included to the cost basis when determining the profit on the sale of securities and investment property, it is typically not deductible from federal or state income taxes. In certain states, transfer taxes are regarded as excise taxes. A state or municipal government levies a transfer tax to finalize the sale of real estate from one owner to another.
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