Meaning of “stamp duty” in the English Dictionary

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"stamp duty" in Business English

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stamp dutynoun [ U ]

uk us 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)