stamp duty

stamp tax

n (Economics) a tax on legal documents, publications, etc, the payment of which is certified by the attaching or impressing of official stamps

Thesaurus

Noun

stamp duty - a tax collected by requiring a stamp to be purchased and attached (usually on documents or publications)stamp taxrevenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government

Translations

stamp duty

Related to stamp duty: Stamp duty land tax

stamp duty

a tax imposed on written instruments (e.g. conveyances). Stamp duties are either AD VALOREM, where the amount of duty payable varies according to the value of the transaction effected by the instrument, or fixed in amount, whatever the effected value. Where a stamp is essential to the legal validity of an instrument, that instrument cannot be used as evidence in civil proceedings unless the conditions required by the Stamp Act 1891 are met and the penalties set out there paid.

stamp duty

Stamp duty

Applies mainly to international equities. Taxes on foreign transactions, usually a percentage of total transaction amount, that can be unilateral or bilateral in nature.

Stamp Duty

A tax placed on legal documents upon transfer. For example, a stamp duty may be assessed on the deed to a house when it is sold before the deed can pass from the seller to the buyer. The term comes from the fact that governments used to place physical stamps on the legal documents as proof that the duty had been paid, but this practice is fairly uncommon now. Stamp duties are most common in some Commonwealth of Nations countries, such as Singapore and Australia, as well as in some U.S. states.

stamp duty

a UK TAX on the value of SHARES purchased on the STOCK MARKET.

stamp duty

a TAX levied on the purchase of an ASSET, such as a house or stocks and shares, etc., usually as a percentage of the purchase price. Currently (2005), for example, houses in the price range up to £120,000 are exempt from stamp duty; houses valued at between £120,000 and £249,000 incur stamp duty at 1%; between £250,000 and £499,000 the charge is 3%, and for properties over £500,000 stamp duty is levied at 4%. The rate for stocks and shares is 0.5% on the total value of the purchase. Stamp duty is usually used by the government to raise revenue, but occasionally it is used as a tool of FISCAL POLICY to, for example, dampen down the demand for houses.

stamp duty

stamp duty

stamp tax

stamp duty

stamp duty

stamp duty

Stamp duty

Stamp Duty

stamp duty

stamp duty

stamp duty

Synonyms for stamp duty

noun a tax collected by requiring a stamp to be purchased and attached (usually on documents or publications)

Synonyms

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