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Definitions from WordNet
Noun stamp duty has 1 sense
- stamp tax, stamp duty - a tax collected by requiring a stamp to be purchased and attached (usually on documents or publications)
--1 is a kind of tax, taxation, revenue enhancement
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Definitions from the Web
Stamp Duty
Description:
Stamp Duty is a tax imposed on certain legal documents, especially those related to property transactions. It is a form of tax levied by the government.
Senses and Usages:
- Noun:
- Property Transactions: The tax paid to the government when purchasing or transferring the ownership of a property.
- Legal Documents: A tax levied on various legal documents such as agreements, contracts, or deeds.
- Sample Sentences:
- Buyers must consider the stamp duty while calculating the overall cost of purchasing a house.
- The stamp duty for this property will be 5% of the total value.
- As per the land registration rules, the stamp duty must be paid within 30 days of signing the agreement.
- John was shocked to learn about the stamp duty he had to pay for the inheritance deed.
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