Stamp duty

A tax levied on a certain type of transaction, such as the sale or purchase of property, or the purchase of equities.

See also

• Stamp duty reserve tax, the UK'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-ups — where structuring the transaction so that a stampable transaction does not arise, is the name of the game.