Entry from British & World English dictionary
Definition of stamp duty in English:
A duty levied on the legal recognition of certain documents.
- There is confusion amongst consumers over whether the stamp duty is levied on the card or the account.
- Letwin and Howard are more cautious, preferring targeted cuts in areas such as inheritance tax and stamp duty.
- The same applies to inheritance tax and stamp duty, both of which are payable on the basis of the house price.
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