Stamp Duty
/ˈstæmp ˌdjuːti/
Definitions
- (n.) A tax payable on legal documents, typically in the transfer of assets or property, recorded by an official stamp.
The buyer must pay stamp duty when purchasing a house.
See also
Commentary
Stamp duty commonly applies in real estate and financial transactions, requiring precise identification of taxable documents in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.