What is the difference between a tax on "transfer" and a tax on "sale" in this context?
In this context, the main difference between a tax on "transfer" and a tax on "sale" lies in the nature of the transaction. A tax on "transfer" pertains to situations where property in goods is transferred without a contract, for cash, deferred payment, or other valuable consideration. On the other hand, a tax on "sale" refers to transactions involving the transfer of property in goods (whether as goods or in some other form) involved in the execution of a works contract or the delivery of goods on hire-purchase or any system of payment by instalments. Essentially, a tax on "transfer" covers non-contractual transactions while a tax on "sale" encompasses contractual transactions involving the transfer of property in goods.