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Revenue stamps served to pay tax duties on items that came under two main categories, Proprietary and Documentary. Proprietary stamps paid tax duties on goods like alcohol and tobacco, and were also used for various services, while Documentary stamps paid duties on legal documents, mortgage deeds, stocks and a fair number of other legal dealings.
An 1898 £1 revenue stamp of Western Australia Revenue stamps on smuggled tobacco seized by the British tax authorities.. A revenue stamp, tax stamp, duty stamp or fiscal stamp is a (usually) adhesive label used to designate collected taxes or fees on documents, tobacco, alcoholic drinks, drugs and medicines, playing cards, hunting licenses, firearm registration, and many other things.
Both buyers and sellers incur some form of closing costs, but many items can be negotiated. ... Transfer taxes: This common tax, sometimes also called a documentary stamp tax, ...
Nyasaland, c.1921-1955 - Revenue stamps of Nyasaland and Malawi; Oman, 1945-c.2000; Orange Free State (Orange River Colony), 1856-1907; Pahang, c.1890-1950 - Revenue stamps of the Malay States; Pakistan, 1947-c.1985 - Revenue stamps of Pakistan; Palestine, 1928 - Revenue stamps of Palestine; Penang, 1942-1949 - Revenue stamps of the Malay States
Stamp Duty Land Tax" (SDLT), a new transfer tax derived from stamp duty, was introduced for land and property transactions from 1 December 2003. SDLT is not a stamp duty, but a form of self-assessed transfer tax charged on "land transactions". On 24 March 2010, Chancellor Alistair Darling introduced two significant changes to UK Stamp Duty Land ...
The United States Revenue Act of 1964 (Pub. L. 88–272), also known as the Tax Reduction Act, was a tax cut act proposed by President John F. Kennedy, passed by the 88th United States Congress, and signed into law by President Lyndon B. Johnson. The act became law on February 26, 1964.
In 2017, then-President Donald Trump championed a successful tax bill that lowered taxes for a large majority of American taxpayers. Many of the provisions of the tax bill are set to expire in ...
This kind of tax is typically imposed where there is a legal requirement for registration of the transfer, such as transfers of real estate, shares, or bond. Examples of such taxes include some forms of stamp duty, real estate transfer tax, and levies for the formal registration of a transfer.