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stamp duty
noun
a tax on legal documents, publications, etc, the payment of which is certified by the attaching or impressing of official stamps
Example Sentences
The services sector grew overall in May, with legal firms recovering from the impact of changes to stamp duty thresholds the previous month.
Prices fell by 0.8% last month, the biggest monthly decline since February 2023, which the building society said may reflect weaker demand following the changes to stamp duty in April.
It means buyers of properties in England and Northern Ireland now pay stamp duty on homes bought for more than £125,000.
More recently, changes to stamp duty led to a rush of new buyers before the end of March, but greater costs for anyone who missed that deadline.
House prices fell in April as buyers faced paying thousands of pounds more in stamp duty, according to new figures from Nationwide.
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