What is "Stamp duty"?
Stamp duty is a tax that is levied on single property purchases or documents (including, historically, the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions).
The duty is thought to have originated in Venice in 1604, being introduced (or re-invented) in Spain in the 1610s, the Spanish Netherlands in the 1620s, France in 1651, Denmark in 1657, Prussia in 1682 and England in 1694.
More Info:
en.wikipedia.org
What are your thoughts on this subject?
5 Comments
Nancy Chisholm
Is duty ever sated? Or can you state the duty sate? Hmmm
Albeck1994
Pat Salloum, generally now it's a tax levied on house purchases
Albeck1994
Silvia Levame, ha ha it's Lilly so not reviewed
Pat Salloum
A stamp tax is the cost of processing and handling. Literally it is the fee involved in stamping a document, as in registering a document such or a birth, or marriage or a transfer of ownership or property.
Silvia Levame
What is a "sate" benefit? Or perhaps the author misspelt "state" and that mistake was not seen by the reviewers?