Stamp Tax


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Stamp Tax

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.

References in periodicals archive ?
CMC recorded the deed and paid documentary stamp tax on the full value of the conveyance.
Revenue growth has been strong through the first six months of fiscal 2013, with documentary stamp tax revenues increasing 29% year-over-year, higher than the 20% increase that was forecast.
Because of this, they have to pay 20% of their advertising expenses on the stamp tax, despite being a start-up.
4) The exemption also benefits those transactions subject to Florida's documentary stamp tax that do not involve the transfer or encumbrance of a real property interest, such as the transfer of a security or the giving of an unsecured promissory note.
Florida law allows persons who average less than five taxable documentary stamp tax transactions per month to remit tax by the 20th of the month following the taxable transaction.
First, the gains tax rate of 10 percent is substantially greater than the tax rate used in any stamp tax.
The stamp tax, which started to be collected in May, is imposed on transactions on the stock market by 1 per thousand, which is incurred by both seller and buyer as well as on loans, advances and credit facilities provided by banks.
The proposed tax is patterned after the special stamp tax on realty in Hong Kong and Singapore, two areas experiencing the largest realty price hike in recent year, unveiled in February and November this year, respectively.
dollar briefly fell into the lower 121 yen zone Wednesday in Tokyo, with investors cautious about a plunge in Chinese stocks triggered by a hike in China's stamp tax on securities trading.
2005), holding that a transfer of real estate from a parent transferor to its wholly owned transferee, absent any exchange of value, is not subject to the Florida documentary stamp tax on deeds.
The Department of Revenue has published a free brochure designed to help citizens understand the requirements of Florida's Documentary Stamp Tax Law.
LONG-TERM CREDIT QUALITY: The long-term rating on the documentary stamp tax backed bonds is 'A' with a Stable Rating Outlook, reflecting adequate debt service coverage by an economically sensitive revenue stream derived from real estate and other transactions.