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Topic: Stamp duty

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  Stamp duty - Wikipedia, the free encyclopedia
Stamp duty was first introduced in the UK in 1694, during the reign of William and Mary under "An act for granting to Their Majesties several duties on Vellum, Parchment and Paper for 4 years, towards carrying on the war against France".
Stamp duty remains in force for shares and securities that are held in certificated form which can only be transferred by using a physical stock transfer form, and runs in parallel to SDRT on agreements to transfer shares.
Stamp duty land tax (SDLT) is a new tax in land transactions that was introduced by Finance Act 2003 and largely replaces stamp duty with effect from 1 December 2003.
en.wikipedia.org /wiki/Stamp_duty   (1569 words)

 Stamp Act - Wikipedia, the free encyclopedia
Stamp Duty was first introduced in England in 1694 following the Dutch model as An act for granting to Their Majesties several duties on Vellum, Parchment and Paper for 4 years, towards carrying on the war against France.
Stamp Duties in Ireland were equalised with those in the rest of the United Kingdom.
A public display of Stamp Office artefacts and records was held at the Courtauld Institute in 1994 to commemorate the Three hundredth anniversary of the introduction of UK Stamp Duty.
en.wikipedia.org /wiki/Stamp_Act   (959 words)

 Stamp Duty in Ireland   (Site not responding. Last check: 2007-11-07)
Stamp duty in Ireland is a tax payable to the Government based on the documents used in the transfer of property.
Under the 'Rent a Room scheme', there is no stamp duty clawback where rent is received by the person in occupation of the house or apartment on or after 6th April, 2001 for letting of furnished accommodation in part of the house.
Stamp duty is payable at half the normal rate applicable if there is a transfer of property (other than shares) to certain relatives (e.g., a parent, grandparent, step-parent, child, brother, sister, half-brother, half-sister, aunt, uncle, niece or nephew).
oasis.gov.ie /housing/.../stamp_duty.html?search=stamp+duty   (1320 words)

 Stamp Duty Costs, Stamp Duty Rates, Residential, Commercial, Stamp Duties, Ennis, County Clare, Ireland. Stamp Duty Tax.
Generally, stamp duty is not paid on the purchase of the house contents (e.g.
Stamp duty is assessed on the greater of (a) the site price or (b) 25% of the total of the site cost and building costs (exclusive of VAT) at the appropriate reduced rate of stamp duty for a first time purchaser or non-first time purchaser.
If the lease does not exceed 35 years or is indefinite stamp duty charges are at a rate of 1% of the average annual rent.
www.philiporeilly.ie /taxcentre/StampDuty.htm   (703 words)

 Real Estate Mumbai - Stamp Duty
A stamp duty paid instrument/ document is considered a proper and legal instrument/ document and such gets evidentiary value and is admitted as evidence in courts.
However stamp duty on market value will have to paid on all such transactions at the time of conveyance of the property in favour of the society.
Stamp duty should be charged on the basis of the contents of the instrument only.
www.realestatemumbai.com /rem_stampduty.asp   (1052 words)

 STAMP OUT STAMP DUTY   (Site not responding. Last check: 2007-11-07)
Stamp duty on residential transfers in Victoria is excessive and inequitable.
REIV is not opposed to stamp duty being levied on residential conveyancing, but believes Victorians are entitled to a fairer deal and thus the current rate structure needs amending as a high priority.
The Institute believes that Victoria's stamp duty system should have a structure at least at the same level as New South Wales and that the stamp duty threshold and concessions for first homebuyers should be similar.
www.stampoutstampduty.com.au   (371 words)

 Stamp Duty on Residential Tenancy Agreements   (Site not responding. Last check: 2007-11-07)
Stamp Duty applies to a wide variety of legal instruments relating to the conveyance of land, which take effect in the UK (including England, Wales, Scotland and N.I.).
According to the Stamp Office, for a property to be classed as a furnished letting, there must be a reasonable degree of comfort available to the tenant when he or she moves in.
Duty is payable at 1% on the average annual rent (for a term up to and including 7 years), rounded up to the nearest £5.
www.letlink.co.uk /Facts/Lfacts32.htm   (2197 words)

 Revenue Commissioners - Tax & Duty Types   (Site not responding. Last check: 2007-11-07)
The clawback amounts to the difference between the higher stamp duty rates and the duty paid and it becomes payable on the date that rent is first received from the property.
A lease is chargeable to stamp duty on both the premium (or fine) and the rent payable under the lease.
Stamp duty is assessed on the VAT exclusive consideration, Sections 48 and 56 of the Stamp Duties Consolidation Act 1999 provide that the chargeable consideration for stamp duty purposes is to exclude any VAT chargeable under Section 2 of the VAT Act 1972 on the sale or lease.
www.revenue.ie /revguide/stampduty.htm   (1278 words)

 HM Revenue & Customs: Rates and Allowances - Stamp Duty
From 30th November 2001, stamp duty exemption is available for the purchase of property in certain designated disadvantaged areas of the UK, and where the consideration, or premium for a lease, does not exceed £150,000.
Stamp Duty applies to a conveyance, transfer or a lease of land where the instrument was executed prior to 1st December 2003.
Alternatively view the flowchart (PDF 49K) to determine whether Stamp Duty or SDLT is applicable during the transitional period.
www.hmrc.gov.uk /rates/stamprates.htm   (532 words)

 REIWA Online
Several changes to stamp duty regulations in WA were introduced by the Office of State Revenue from the start of the year.
Stamp duty will not apply to the rental component of new lease agreements that were signed from 1 January 2004 onwards.
The abolition of stamp duty on leases means that leases executed after 1 January 2004 no longer have to be lodged at the Office of State Revenue for stamping.
www.reiwa.com.au /Tax/Tax-Popup-StampDutyCalc-Display.cfm   (412 words)

 Maharashtra slashes stamp duty on bonds
The stamp duty on corporate bonds will be Rs 50 for a Rs 1 crore (Rs 10 illion) deal or 0.05 paise on a volume of Rs 100.
In other words, it imposed Rs 5,000 stamp duty on a Rs 5 crore (Rs 50 million) deal, which is the minimum lot dealt in the debt market.
For instance, on soya oil the earlier duty was Rs 1 per Rs 10,000 turnover and for gold and silver it was Rs 1 per 1 kg and 50 kg, respectively.
www.rediff.com /money/2005/may/13bond.htm   (686 words)

 Duties and levies - Stamp duty newsletter
Stamp duty was repealed on 20 May 1999.
(3) The Commissioner may refund the duty if the Commissioner is satisfied that the instrument was executed on or after 20 May 1991 and the transaction to which the instrument relates was not completed or, in the case of a lease was not carried into effect, on or before 20 May 1999.
In cases where stamp duty has already been paid with respect to instruments that fall within the additional class of instrument referred to above, section 8 of the Act provides for a refund of the stamp duty that has been paid on the instrument.
www.ird.govt.nz /duties-levies/stamp-duty   (1055 words)

 Stamp Duty Malaysia Selected Resources   (Site not responding. Last check: 2007-11-07)
Stamp duty exemption granted on "instrument of transfer" of houses acquired during the Home...
The tax raised, called stamp duty, was first devised in the Netherlands in 1624 after a...
Stamp Duty is essentially the duty of the amount or the charge that...
www.all-stamps.info /resources/stamp-duty-malaysia.html   (455 words)

 What is Stamp Duty?
The stamp duty is based on a percentage based on the purchase price or the value of the property, whichever is greater.
The stamp duty percentage for the properties along Seven Mile Beach and in Downtown has been temporarily reduced from 9 percent to 5 percent, and the rate on properties throughout the rest of the Island was reduced from 7.5 percent to 5 percent.
A minimal stamp duty (1—1.5 percent, depending on the borrowed amount) is also charged on registered mortgages, in addition to any loan origination fees and legal fees a particular financial institution might charge.
caymannetnews.com /2005/06/855/real/stamp.shtml   (399 words)

 State may slash stamp duty on TDR- The Times of India   (Site not responding. Last check: 2007-11-07)
Hence, stamp duty cannot be applicable to it as in the case of a fixed property," a builder said.
Till the 10 per cent levy, stamp duty was levied only when a property was being sold or purchased.
Municipal commissioner Karun Srivastava said that the CM was likely to exempt the BMC from paying stamp duty every time a private land owner surrendered his property reserved for public amenities to the corporation.
timesofindia.indiatimes.com /cms.dll/html/uncomp/articleshow?msid=24406   (508 words)

 The Stamp Act, March 22, 1765
The Stamp Act was introduced by the British prime minister George Grenville and passed by the British Parliament in 1765 as a means of raising revenue in the American colonies.
The act extended to the colonies the system of stamp duties then employed in Great Britain and was intended to raise money to defray the cost of maintaining the military defenses of the colonies.
The unity of the American colonists in their opposition to the Stamp Act contributed substantially to the rise of American nationalist sentiment, and the conflict between the colonists and the British government over the Stamp Act is often considered one of the chief immediate causes of the American Revolution.
www.lexrex.com /enlightened/laws/stampact.htm   (1387 words)

 Department of Treasury and Finance - Corporate   (Site not responding. Last check: 2007-11-07)
New tax concessions on stamp duty and land tax were announced on 28 October, 2004.
an immediate 10 per cent cut to stamp duty on all property conveyances: costing $391million over four years, the top conveyance duty rate falls to 5.4 per cent.
This means the stamp duty payable on a median priced home ($240,000) will fall by $922 to $7,816.
www.dtf.wa.gov.au /cms/cor_content.asp?id=1186   (270 words)

 STAMP DUTY ACT   (Site not responding. Last check: 2007-11-07)
Duties collected on claims, which are not subject to evaluation, are determined by the court of law not exceeding 200 leva.
For conveyance of property between relatives of direct line of descent, between brothers and sisters, and in cases of grants and to cousins, the duties are determined on the basis of the tax assessment for properties with buildings on them, and on its half - for properties without buildings.
3. (1) Stamp duty is paid upon presentation of the request, upon effecting the action, or upon issuance of the document which is subject to stamp duty, as indicated in the Tariff.
www.bild.net /legislation/docs/5/fin33.html   (1244 words)

 Stamp Duty
Stamp Duty represents a charge on legal instruments as specified under the various Heads of Charge in the Stamp Duties Act 1976 ("the Act").
The rates of Stamp Duty are specified under the various Heads of Charge in the Act.
These requirements are contained primarily in the Stamp Duties Act 1976 as amended.
www.taxbermuda.gov.bm /guide_stampduty.htm   (605 words)

 UK Stamp Duty
Stamp duty is essentially a charge on certain documents, not transactions.
The main duty is 0.5% on share transfers.
Stamp duty land tax (SDLT) is charged on most land transactions.
www.dyerpartnership.com /stamp.html   (124 words)

 Stamp Act - 1765   (Site not responding. Last check: 2007-11-07)
For every skin or piece of vellum or parchment, or sheet or piece of paper, on which shall be ingrossed, written or printed, any special bail and appearance upon such bail in any such court, a stamp duty of two shillings.
For every skin or piece of vellum or parchment, or sheet or piece of paper, on which shall be ingrossed, written, or printed, letters of mart, or commission for private ships of war, within the said colonies and plantations, a stamp duty of twenty shillings.
And also a duty of one shilling for every twenty shillings, in any sum exceeding fifty pounds, which shall be given, paid, contracted, or agreed, for, with or in relation to any such clerk, or apprentice.
ahp.gatech.edu /stamp_act_bp_1765.html   (1190 words)

 RevenueSA - Internal Template   (Site not responding. Last check: 2007-11-07)
Stamp Duty is a charge on certain documents and transactions.
Stamp duty is charged at either a flat rate or an ad valorem rate (based on the value of the transaction) depending on the particular document or transaction.
Click here for a list of document types that must be submitted to the Commissioner of State Taxation for an assessment of stamp duty.
www.revenuesa.sa.gov.au /stamps/stampd.html   (223 words)

 BBC NEWS | Business | Stamp duty rockets as prices rise
Seven in 10 thought the threshold for stamp duty, which currently stands at £60,000, should be raised to reflect rising house prices.
The bank has worked out that the lower stamp duty threshold of £60,000 would now be £156,900 if it had risen in proportion with house prices.
In 1993, the only significant numbers of first-time-buyers who were liable for stamp duty were in London and the south-east.
news.bbc.co.uk /1/hi/business/4218061.stm   (299 words)

 Stamp Duty Calculator   (Site not responding. Last check: 2007-11-07)
First home buyers may be eligible for concessions on stamp duty and may also be eligible for a one-off grant of $7,000.
First home buyers may be eligible for concessions on stamp duty and may also be eligilble for a one-off grant of $7,000.
WA owner-occupiers may be eligible for concessions on the property stamp duty rates quoted provided the property value doesn't exceed $135,000.
www.gregmcdonald.com.au /stampdutycalc02.htm   (273 words)

 Stamp Duty Rates   (Site not responding. Last check: 2007-11-07)
Stamp Duty is a Government charge which is payable by the purchaser every time a property is bought.
There are some means of reducing your stamp duty liability which your ezhome™ solicitor would be happy to discuss with you.
There is an exemption from stamp duty for owner occupiers who purchase a home that does not exceed 125 sq.
www.ezhome.ie /ezhome/Content/Mortgages/Stampduty.asp   (382 words)

 Securitisation laws in India - stamp duty notifications
April, 1997, the duty with which the instrument of securitisation of loans or of Assignment of debt with underlying Securities is chargeable under Clause 91) of Article 20 of the Schedule to "Fifty Paise" for every Rs.
As per the present provisions of the Indian Stamp Act, 1899, an instrument of securitisation of housing loans executed by Housing Finance institutions in favour of refinancing or intermediary investment institution is chargeable to duty as a deed of conveyance at 13% of the loan value in the State of Tamil Nadu.
It is felt that unless the stamp duty on such instruments is at a token level, instruments of securitisation cannot be traded in secondary capital market, particularly for housing, would not be possible.
www.vinodkothari.com /seclawin.htm   (537 words)

 BBC NEWS | Business | Homebuyers given stamp duty boost
The chancellor introduced stamp duty relief on commercial property in deprived areas in his 2002 Budget.
Halifax bank has estimated that revenue from stamp duty on house sales has risen from £465m in 1993-4 to £4.3bn in the current tax year.
Peter Bolton King, chief executive of the National Association of Estate Agents, said that raising the stamp duty threshold was "long overdue".
news.bbc.co.uk /1/hi/business/4353609.stm   (669 words)

 eBay - stamp duty, Australia, Europe items on eBay.com   (Site not responding. Last check: 2007-11-07)
Victoria stamp duty revenue 5/6 scarce as MUH
GB Victoria Transfer Duty revenues 20 diff stamps
VICTORIA 1884-96 Stamp Duty 1/- blue/blue sg256a VFU
search-desc.ebay.com /search/search.dll?query=stamp+duty&newu=1&krd=1   (580 words)

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