718 B
718 B
Registration Duties
Definition
Taxes imposed on the official recording of legal documents and property transfers, which generate revenue from the administrative process of registering deeds, mortgages, and other legal instruments.
Source Chapter
Book V, Chapter 2
Context
Smith discusses registration duties alongside stamp duties as methods of taxing property transfers, noting their advantages in security for creditors and purchasers, but also their potential for abuse when registration offices are multiplied for revenue purposes.
Economic Domain
General Theory