Stamp Duty (Noun)
Meaning
A tax collected by requiring a stamp to be purchased and attached (usually on documents or publications).
Classification
Nouns denoting possession and transfer of possession.
Examples
- The buyer had to pay stamp duty on the deed of sale for the new house.
- The tax office collects stamp duty from purchases of land titles and other documents.
- The government increased the stamp duty on foreign property buyers to slow down the market.
- She had to attach a stamp duty sticker to the back of the lease agreement.
- Paying stamp duty on the transfer of shares was a significant expense for the company.