Stamp tax

Stamp tax,

Definition of Stamp tax:

  1. Ad valorem tax or flat tax levied on certain legal transactions such as the transfer (conveyance) of a property (building, copyright, land, patent, securities). Documents evidencing such transactions are recorded and become legally enforceable only if they are stamped to show that the proper amount of tax has been paid. Also called stamp duty.

Meaning of Stamp tax & Stamp tax Definition