stamp duty

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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.
References in periodicals archive ?
The guarantee fund benefits from limited ongoing state support through legislation that allows for drawing on a portion of future documentary stamp taxes allocated to the SHTF.
33 million in Quezon City, for which she paid documentary stamp taxes of P329,000.
The Tax Code also exempts shares of stock listed and traded through the local stock exchange from documentary stamp taxes (DST).
Notably, the persons directly affected by RR 16-12 are investors, including the common Juan, who will have to bear the brunt of additional income and documentary stamp taxes.
The cap bonds benefit from ongoing state support through legislation that allows for replenishment of its reserves by drawing on a portion of future documentary stamp taxes allocated to the SHTF.
The state is currently considering increasing the percentage of documentary stamp taxes pledged to the bonds.
The Supreme Court Rules that Asset Sales Made Before the Confirmation of a Bankruptcy Plan are not Exempt from Stamp Taxes.
63% of documentary stamp taxes, after a 7% general fund service charge, must be used first for payment of debt service.
The 'AA-' ratings reflects strong coverage for bond debt service provided by pledged documentary stamp taxes, considering the tax volatility associated with Florida's real estate market, as well as various covenants protecting the allocated share of revenues and ample coverage of projected debt service.
The 'AA-' ratings primarily reflects the strong coverage for bond debt service provided by pledged documentary stamp taxes, as well as various covenants limiting the ability to issue additional debt, and considers the tax volatility associated with Florida's real estate market.