Ad valorem: Difference between revisions
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imported>Doug Williamson (Link with Stamp duty page and make 'tax' explicit.) |
imported>Doug Williamson (Note size of amounts.) |
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#''Tax.'' A tax based on the value of a transaction, normally a percentage. | |||
#More generally, any charge or fee based on the value of a transaction. | |||
For large transactions, ad valorem taxes, charges and fees will also normally be very large, even if the percentage rates quoted sound modest. | |||
Revision as of 06:02, 4 May 2016
- Tax. A tax based on the value of a transaction, normally a percentage.
- More generally, any charge or fee based on the value of a transaction.
For large transactions, ad valorem taxes, charges and fees will also normally be very large, even if the percentage rates quoted sound modest.
