Transferor

Tax Glossary Definition

Transferor

A transferor is the person or entity that conveys an asset or a legal interest—such as property, shares, or contractual rights—to another party. The receiving party is called the transferee. The transferor effectively gives up control or ownership as part of the transaction.

Example: Suppose Mr. Raj decides to sell his house to Ms. Meera. In this transaction, Mr. Raj acts as the transferor because he is handing over the property, while Ms. Meera becomes the transferee, as she acquires ownership.

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