Stamp duty is a tax that is levied on documents. Historically, this included the majority of legal documents such as cheques, receipts, military commissions, marriage licences and land transactions. A physical stamp (a revenue stamp) had to be attached to or impressed upon the document to denote that stamp duty had been paid before the document was legally effective. More modern versions of the tax no longer require an actual stamp.
The duty was originally introduced in the Netherlands in 1624 and spread to other countries subsequently, France 1654, Denmark 1657 and Prussia 1682.
Read more about Stamp Duty: Australia, Denmark, Hong Kong, Ireland, Singapore, Sweden, United Kingdom, United States, European Union, Further Reading
Famous quotes containing the words stamp and/or duty:
“I look around me and nowhere do I see a stamp of disapproval with which nature marked a woman’s candid brow.”
—Franz Grillparzer (1791–1872)
“To-day there is hardly a woman of intelligence in all America ... who is not definitely and actively concerned in some social interest, who does not recognize some duty besides those incident to her own blood relationship.”
—Charlotte Perkins Gilman (1860–1935)