What is it in finance?

In finance, the stamp tax is tax on certain legal documents or publications. The tax has received its name because the payment is generally certified by the connection or designation of the document by an official stamp. In some areas, the obligation is ad valor tax or flat rate that is not bound to the value of the purchase. In other regions or on set items, the tax may be based on the percentage value of the item. The raised taxes were to be spent to maintain a protective military presence in colonies. The reaction to the bill was negative, mainly because the tax, which only applied to colonies, was approved by a parliament in which they were rejected by the representation. The law on stamps has become a unifying problem of Bmesi by various groups and helped lead to the American revolution.

Stamp Duty is a common tax is many other parts of the world. In the UK there is a tax on the PozeMKs with land (sdlt) charged for the purchase, rent or other forms of transfers of land ownership or assets. The amount of obligation is usually a percentage of value compared to a certain threshold. The obligation is not generally charged inherited land or assets transferred within the divorce. Payment is made by submitting SDLT return with income and habits of HM within 30 days of completion of the transaction.

Reservation tax (SDRV) is charged for purchasing shares and securities through the stock market, stock broker or third party, such as a bank. The amount due is based on the percentage of the amount paid for the stock, not its value. If the person is given free of charge, there is no required to pay the obligation; If it receives shares for a discounted rate, the tax is only at its expense, not the actual security value.

In Australia, stamps are collected by states and not the federal government. Generally, the lease agreements, life insurance and transfers of the title arising from donations, insurance contracts,Loans for housing or sales of real estate, vehicles and commercial assets. Home buyers are exempt for the first time if their home is for a certain threshold. For subsequent purchases, the tax is charged for both home and mortgage. The income collected through this medium is used to finance education, health care, law enforcement and public security.

In the UK, the stolling is selected for the buyer. Japan collects tax for sellers and France charges both sides. India requires all legal documents to be printed on stamp paper and only those that have been made can be introduced into the court as evidence. Canada, like the US, does not charge a stamp duty.