- published: 03 Mar 2013
- views: 13967
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 is thought to have originated in Spain, being introduced (or re-invented) in the Netherlands in the 1620s, France in 1651, Denmark in 1657, Prussia in 1682 and England in 1694.
The Australian Federal Government does not levy stamp duty. However, stamp duties are levied by the Australian states on various instruments (written documents) and transactions. The rates of stamp duty vary from state to state, as do the nature of the instruments or transactions subject to duty. Some jurisdictions no longer require a physical document to attract what is now often referred to as "transaction duty".
Paul Archer at http://www.cemapcourses.co.uk explains how the new SDLT works in this 5 minute whiteboard video
http://www.which.co.uk/money/mortgages-and-property/guides/stamp-duty-explained/stamp-duty-calculator/ Stamp Duty, sounds like something to do with posting letters! Actually, stamp duty land tax, to give it its full name, is something you pay when buying property or land. But how much do you need to pay?
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How to register your house property and pay for the stamp duty Steps for Stamp duty and registration for Home Purchase (in maharashtra ) This activity sale /purchase of property is covered under Article code - 25 B For this article , the Stamp Duty Rate is - 5 % of consideration value Registration Fees - Fixed at 30000 Rs . In our case , the applicant has bought a house at Worli for 85 lakhs Since house purchase has happened in the state of Maharashtra , so the state will earn revenue in form of stamp duty and registration How does the applicant do it ? Simple , go to the GSR (Govt website for e payment of tax )or any collecting centre identified by the state govt for collection of stamp duty and registration fees In Maharashtra , the state govt has identified IDBI as collec...
Discussion about the new stamp duty rules and their impact including actual examples
There's a whole list of charges that are associated with buying a new home. Stamp duty and registration are two of the most important ones, so we made this handy little practical example to help you figure them out! Stay tuned for more home buying tutorials from Commonfloor.com!
With George Osborne releasing the new stamp duty tax, people are unsure whether property is still the right investment. Aran Curry, CEO of the insight Group and property expert has recorded this short video to explain to you what the new stamp duty is, how it affects you and why property is still the best investment strategy. To receive more education from Aran, sign up to his Webinar Masterclass at www.propertyinsight.info/masterclass
How to pay Stamp duty and Registration fees online, How to pay via Cheque, DD, cash or NEFT via IDBI Bank. How to obtain e-SBTR online
Hi & welcome to Property Box Weekly News UK. Your bite size insight into what is going on in the Property Investing world. This week Harry and Accountant Brian Mason explain the ins and outs of the new Stamp Duty surcharge. Share and subscribe to keep up to date with the ins and outs of the UK Property market. Read the blog here - http://www.propertyonthebox.com/
Aamhi parlekar Deemed Conveyance, Stamp Duty & Registration co operative hsg. soci. CA Ramesh Prabhu Maharashtra Societies Welfare Association ( MSWA ) Maharashtra Societies Welfare Association ( MSWA ) has been registered as Non-Profit Governing Organisation and as a charitable organisation and institution, certified by the Charity Commissioner Office, Mumbai. CA Ramesh S. Prabhu ( Chairman - MSWA ) Shri Ramesh Prabhu is hailed as the Architect of Deemed Conveyance. As the founding chairman of the MSWA ( Maharashtra Societies Welfare Association ) he has been instrumental in helping and guiding thousands of societies in Maharashtra. He has authored more than forty books on co-operative societies, transfer of flat, recovery of dues, registration, sta...
In this video, Rushab Dhandokia talks about the implication of the Supreme Court judgment in Chief Controlling Revenue Authority v. Costal Gujarat Power Ltd. and others on the banking and finance industry.
Watch Stamp Duty Registration consultant Adv. Phalgun Gandhi speak to Abner Dias about the hike in stamp duty and registration rates due to the increase in ready reckoner rates at the beginning of 2015.
Bills Committee on Stamp Duty (Amendment) Bill 2013 Twelfth meeting on Monday, 14 April 2014, at 10:45 am in Conference Room 2A of the Legislative Council Complex Agenda (as at 11 April 2014)I. Meeting with the Administration (10:45 am - 12:40 pm) LC Paper No. CB(1)1150/13-14(01) (issued on 25 March 2014) - List of follow-up actions arising from the discussion at the meeting on 14 March 2014 LC Paper No. CB(1)1219/13-14(01) (issued on 8 April 2014) - List of follow-up actions arising from the discussion at the meeting on 28 March 2014 LC Paper No. CB(1)1219/13-14(02) (attached) - Administration's responses to issues raised at the meetings on 14 and 28 March 2014 LC Paper No. CB(1)971/13-14(01) (Chinese version only) (issued on 25 February 2014) - Hon James T...
Bills Committee on Stamp Duty (Amendment) Bill 2013 Seventeenth meeting on Tuesday, 27 May 2014, at 4:30 pm in Conference Room 2B of the Legislative Council Complex Agenda (as at 27 May 2014)I. Meeting with the Administration (4:30 pm - 6:25 pm) LC Paper No. CB(1)1474/13-14(01) (issued on 22 May 2014) - List of follow-up actions arising from the discussion at the meeting on 19 May 2014 LC Paper No. CB(1)1449/13-14(02) (Chinese version issued on 16 May 2014, English version issued vide LC Paper No. CB(1)1454/13-14 on 19 May 2014) - The Government's proposed draft Committee Stage amendments to the Stamp Duty (Amendment) Bill 2013 LC Paper No. CB(1)1468/13-14(02) (tabled at the meeting on 19 May 2014 and subsequently issued on 20 May 2014) - The Government's further p...
I. Meeting with the Administration LC Paper No. CB(1)1535/13-14(01) (issued on 29 May 2014) - List of follow-up actions arising from the discussion at the meeting on 27 May 2014 LC Paper No. CB(1)1545/13-14(01) (issued on 30 May 2014) - Administration's response to issues raised at the meeting on 27 May 2014 LC Paper No. CB(1)1540/13-14(01) (Chinese version only) (issued on 30 May 2014) - Hon Tony TSE Wai-chuen's letter dated 28 May 2014 LC Paper No. CB(1)1545/13-14(02) (issued on 30 May 2014) - New draft Committee stage amendment proposed by Hon Kenneth LEUNG LC Paper No. CB(1)1496/13-14(04) (Chinese version only) (issued on 26 May 2014) - Hon James TO Kun-sun's letter dated 26 May 2014 LC Paper No. CB(1)1545/13-14...
Established in the year 1926, the Chamber is a not for profit organization with its mandate to disseminate knowledge in the field of Taxation, Corporate & Allied Laws, and Accounting & Finance. The Chamber caters to the needs of professionals both in practice as well as in Industry. It has a robust membership of 3500 professionals, comprising of Advocates, Chartered Accountants, Company Secretaries and Tax Consultants. The Chamber operates through various committees, each catering to a specific area. The committees organise programmes on various topics such as Direct Taxes, Indirect Taxes, International Taxation and Allied Laws, etc. Knowledge sharing and dissemination is carried out through various conferences, seminars, Study Circles & Groups, Residential Refresher Courses (RRCs) and p...