Stamp Duty In The United Kingdom
In the United Kingdom, stamp duty is a form of tax charged on instruments (that is, written documents), and historically required a physical stamp to be attached to or impressed upon the instrument in question. The more modern versions of the tax no longer require a physical stamp.
The scope of stamp duty has been reduced dramatically in recent years. Apart from transfers of shares and securities, the issue of bearer instruments and certain transactions involving partnerships, stamp duty was largely abolished in the UK from 1 December 2003. "Stamp duty land tax" (SDLT), a new transfer tax derived from stamp duty, was introduced for land transactions from 1 December 2003. "Stamp duty reserve tax" (SDRT) was introduced on agreements to transfer uncertificated shares and other securities in 1986, and with the growth of paperless transactions SDRT rather than stamp duty now applies to most transfers of shares and securities.
Read more about Stamp Duty In The United Kingdom: History of UK Stamp Duties, Stamp Duty Reserve Tax, Revenues From Stamp Duties, Stamp Duty Land Tax, See Also
Famous quotes containing the words stamp, duty, united and/or kingdom:
“If she must teem,
Create her child of spleen, that it may live
And be a thwart disnatured torment to her!
Let it stamp wrinkles in her brow of youth,
With cadent tears fret channels in her cheeks,
Turn all her mother’s pains and benefits
To laughter and contempt, that she may feel
How sharper than a serpent’s tooth it is
To have a thankless child!”
—William Shakespeare (1564–1616)
“Our duty now is to keep alive—to exist. What becomes of a nation if its citizens all die?”
—Dudley Nichols, U.S. screenwriter. Jean Renoir. George Lambert (George Sanders)
“Places where he might live and die and never hear of the United States, which make such a noise in the world,—never hear of America, so called from the name of a European gentleman.”
—Henry David Thoreau (1817–1862)
“My kingdom for a nightman!”
—Samuel Beckett (1906–1989)