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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
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.
The UK housing market has been relatively settled in recent times, although buyers still need to navigate uncertainty over interest rates and changes to stamp duty in England and Northern Ireland.
There is nothing much you can do if your council tax is increasing, or you are buying a house and facing a higher stamp duty bill.
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