Question

Tim gave his house in another city to his sister. he had to pay taxes to the government on this transfer. what type of tax did the government levy?

Answer 1

Post Test: Government

Economics

Question # 11

Tim gave his house in another city to his sister. he had to pay taxes to the government on this transfer.

what type of tax did the government levy?

A. estate tax

B. excise tax

C. gift tax

D. property tax

E. sales tax

The answer is 100% correct:

• C. Gift Tax

Step-by-step explanation:

I took the test and this is 100% it

hope this helped!

Answer 2

The type of tax that the government levied would be a property transfer tax. A transfer tax is imposed on tax on the sale, donation, barter, or any other mode of transferring ownership or title of real property. Hope this answers the question.