Conveyance Tax

Definition

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

Synonyms
transference, transfer tax, handoff, change of possession

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.