Century Dictionary and Cyclopedia
- n. A tax or duty imposed on the sheets of parchment or paper on which specified kinds of legal instruments are written. Stamp-duties on legal instruments, such as conveyances and deeds, are chiefiy secured by prohibiting the reception of them in evidence unless they bear the stamp required by the law. Stamp-duties were first levied in England in the reign of William and Mary.
“The changes already announced—lower stamp-duty tax and scrapping a REIT entry tax of 2%—should spark a wave of residential REITs in the U.K.'s £3 trillion residential-property market, said Phil Nicklin , real-estate tax partner at Deloitte and one of the main architects of the REIT regime in the U.K.”
“The Hong Kong government will likely report a budget surplus of around 65 billion Hong Kong dollars US$8.38 billion for the current financial year ending March 31, due to surprisingly strong land sales and stamp-duty receipts, the person said.”
“Low interest rates and the current stamp-duty holiday for first-time buyers on all properties costing up to £250,000 only partially offset these adverse factors," he said.”
“Darling said that this change should mean that nine out of 10 first-time buyers will now not have to pay stamp-duty fees.”
“But Chancellor of the Exchequer Alistair Darling made it clear that he was willing to protect treasury stamp-duty revenue by increasing the charges for £1 million properties to 5% of the price.”
“The higher stamp-duty threshold, which will be implemented from midnight Wednesday and be in place for two years, is likely to cost the U.K.”
“Measures to help boost the housing market are welcome and will benefit a significant number of buyers, removing 50% of transactions from the stamp-duty system," RICS's chief economist, Simon Rubinsohn, said.”
“The survey showed that household demand for secured lending, such as mortgages, fell in the first quarter, although the BOE said some lenders attributed that fact to temporary factors such as the heavy snow in January and the end of the stamp-duty housing transactions tax holiday.”
“The stamp-duty increase is one of several measures the government is taking to cool the property market in case an asset bubble is forming.”
“The stamp-duty increases — a 15% charge on property sold within six months of purchase, 10% for those sold within six and 12 months, and 5% for those sold between one and two years — could result in lower property prices, and rents would follow similarly, said Stephen Ching , economics professor at the University of Hong Kong.”
Looking for tweets for stamp-duty.