stamp duty

Property transfer levy

Stamp duty is a tax levied on legal documents and transactions, particularly property purchases.

The name comes from the physical stamps once affixed to documents as proof of payment.

In Britain and other Commonwealth countries, stamp duty applies when buying a house: The stamp duty on properties over £250,000 adds thousands to the purchase price.

The tax rate typically increases with the transaction value.

property

conveyance

Transfer of property rights

  • deedWritten property conveyance
  • mortgageSecured home loan
  • titleFormal honorific or name

homebuyer · land transfer · settlement · completion · registration · first-time buyer · exemption · threshold · leasehold · freehold

tax

levy

Compulsory government charge

revenue · tax bracket · relief · allowance · avoidance · liability · payable · calculation · collection · indirect tax

legal

solicitor

Document-drafting legal professional

compliance · regulation · documentation · certificate · filing · declaration · submission · legal requirement · due diligence · contract

international

registration fee

Cost to formally enroll

UK · India · Ireland · Singapore · Hong Kong · Malaysia · jurisdiction · cross-border

Categories
Opposites
tax type/basis

stamp dutyincome tax

Government charge on earnings

payroll tax · capital gains tax · inheritance tax · wealth tax · consumption tax

payment obligation

stamp dutytax rebate

Returned excess payment

tax relief · tax exemption · duty-free · tax credit · tax-exempt status

Family

duty, stamp, stamped, dutiful, duties, stamping, food stamps, stamper, duty-bound

Familiarity
Top 500,000
Profile
Timeless · Rated G