stamp-duty
Definition
- Noun:
- Tax on documents: "Stamp-duty" is a tax imposed by a government on certain legal documents, such as contracts, deeds, or certificates, requiring an official stamp to indicate payment.
Usage Examples
- (A government tax on the legal document for the purchase.)
- (The tax rate on documents was raised.)
Advanced Usage
- "to incur stamp-duty": to become liable for paying the tax on a document.
- Signing the agreement will incur stamp-duty, so budget for it. (The document will require the tax payment.)
Variants and Related Words
Stamp (n): a small piece of paper affixed to a document as proof of payment.
- The lawyer checked that the correct stamp was on the contract. (The official mark showing duty was paid.)
Duty (n): a tax or fee paid on goods or transactions.
- Import duty is charged on goods brought into the country. (A tax on imports, similar in concept to stamp-duty.)
Synonyms
- Document tax: a tax specifically on written instruments.
- Transfer tax: a tax on the transfer of property, often including stamp-duty.
Related Idioms
- Stamp of approval: official acceptance or endorsement, not directly related to stamp-duty but sharing the concept of an official mark.
- The project received the stamp of approval from the board. (Official approval was given.)