Stamp duty: Difference between revisions

Stamp duty (view source)

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-A tax levied on a certain type of transaction, such as the sale or purchase of property, or the purchase of [[equities]].
+A {{tag|tax}} levied on non-exempt participants in a certain type of transaction, such as the sale or purchase of property, or the purchase of [[equities]]. Often intermediaries such as [[broker dealer]]s are exempt.
-{{seealso}}
+{{sa}}
-*[[Stamp duty reserve tax]], the UK's own [[stamp duty]] on UK shares, which is most germane to high [[delta]] [[equity derivatives]].
+*[[Stamp duty reserve tax]], HMRC’s own [[stamp duty]] on UK shares, which is most germane to high [[delta]] [[equity derivatives]].
 *[[Financial transaction tax]] — rather like a [[stamp duty]], only different. Popular with the Italians and French.
 *[[Equity give-up]]s — where structuring a [[synthetic equity]] transaction so that a [[stampable]] transaction does not arise, is the name of the game.