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English definition of “stamp duty”

stamp duty

noun [U]
 
 
UK TAX
a UK tax that you pay when you buy a house, apartment, etc., or when you buy shares: Someone buying a medium-sized shop in London would pay heavy stamp duty. The only entry cost for investors in this fund is the mandatory stamp duty of 0.5% .
(Definition of stamp duty from the Cambridge Business English Dictionary © Cambridge University Press)
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