What is another word for transfer tax?
Pronunciation: [tɹˈansfɜː tˈaks] (IPA) 
There are various synonyms for the term "transfer tax", which refers to the tax levied on the transfer of assets such as real estate, stocks, or other financial instruments. One such synonym is "conveyance tax", which is commonly used in the United Kingdom. Another common term used in the U.S is "stamp duty" which is the tax levied on the transfer of securities such as stocks or bonds. In some states, the terminology "excise tax" is used to refer to transfer tax. Regardless of the terminology used, transfer taxes are imposed by governments globally and play a crucial role in generating revenue for public welfare, infrastructure, and other essential public services.
