Financial Jargon Buster Dictionary
This glossary is provided for information only and is not regulated by the Financial Services Authority.
A B C
D E F
G H I
J K L
M N O
P Q R
S T U
V W X Y Z
Stamp Duty
A tax on the purchase of shares - at 0.5% of the value - and on the purchase of property. For shares the tax is a flat rate. In the case of property, there is no duty up to £60,000. From £60,001 to £250,000 the duty is 1%, and rises to 3% of the value to £500,000, and 4% above £500,000.
|


|