Stamp duty reserve tax legal definition of Stamp duty reserve tax
stamp duty (redirected from Stamp duty reserve tax)
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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.
References in periodicals archive
The current stamp duty and stamp duty reserve tax
regime for shares is not set to change a great deal.
Multiplying the Reference Share Price by six and adjusting for 1.5% Stamp Duty Reserve Tax
and the USD0.05 per ADS fee payable to the Depositary under the ADS Deposit Agreement, is the Reference ADS Price.