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Stamp Tax
(redirected from stamp duty)

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.03 sec.

A pecuniary charge imposed upon certain transactions.

A stamp tax is, for example, levied when ownership of real property is transferred. The tax is paid either by purchasing stamps that are then glued to the deed or by the use of metering machines that imprint the stamps on the deed.



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Peter Bolton-King, Chief Executive of the NAEA, said: "The Coalition believes that Stamp Duty is an anachronistic tax which, in its current form, is preventing a recovery in the housing sector - it limits market flexibility, creates regional inequality and its slab structure unfairly distorts the housing market.
STAMP duty is an "anachronistic"tax on aspiration and should be reformed, property professionals said this week.
Byline: NICKY BURRIDGE STAMP duty is an "anachronistic" tax on aspiration and should be abolished, property professionals said today.
 
 
 
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