Definition
Stamp duty is a tax levied on legal documents or transactions, such as property purchases, stock transfers, or financial transactions. Stamp duty rates may vary depending on the type and value of the transaction and applicable exemptions or reliefs. Stamp duty revenue contributes to government revenue and is used to fund various public services and initiatives.
Our trending searches definitions
Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.