stamp duty
Noun
Meaning
(economics) A tax levied upon certain documents, a stamp being applied to show that tax has been paid.
(UK) Ellipsis of stamp duty land tax, a tax on land transactions in England and Northern Ireland.
Source: en.wiktionary.orgSynonyms
Hypernyms
Examples
According to the lender, it has to shoulder a nearly ¥200 annual stamp duty for each passbook account.
“Also, government schemes such as stamp duty relief, help to buy equity loans and help to buy ISAs will have made an impact.
Although house prices are falling in the UK, the upfront costs of buying a home are still high, even without stamp duty included.
A temporary stamp duty holiday, costing £3.8bn, to stimulate the property market was another measure unveiled by the chancellor.
But restrictions were eased in May and Chancellor Rishi Sunak has since introduced a stamp duty holiday, giving the market a boost.
Any card that bore the stamp duty like the ace of spades in England or the ace of clubs in France are also collectible as that is where the manufacturer's logo is usually placed.