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17 December, 04:50

Many states charge what is called a transfer tax when the property is conveyed by one of the following means?

a. condemnation. b. inheritance. c. deed. d. gift.

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  1. 17 December, 05:31
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    Answer: c) Deed

    Explanation:

    Transfer tax is the type of tax that is in which property's tile is transferred from one entity top other entity in legal terms. Fee of transaction of title is subjected on the property on the party.

    According to the question, deed is the legal tern for passing the title on a particular property. It is a written instrument which is attested and then. transferred

    Other options are incorrect because inheritance, gift and condemnation is not the remark for passing of title from one party to other party. Thus, the correct option is option (c).
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