Escrow & Title
In Connecticut, the transfer tax paid by the seller when real property is conveyed is commonly known as the:
AConveyance tax✓ Correct
BCapital gains tax
CRecording fee
DDocumentary stamp tax
Explanation
Connecticut imposes a real estate conveyance tax (sometimes called a transfer tax) on the seller when real property is conveyed. The rate varies based on the sale price and type of property.
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