Stamp Duty is a tax collected for stamping legal documents, primarily related to the transfer of shares, securities, and land. It is calculated based on the consideration given, with a specific rate that may be rounded up to the nearest multiple of a designated currency unit.
A tax levied on the transaction when a shareholding is transferred without a document, or when the document is kept outside the UK. It is a key aspect of modern, electronic, and paperless share transactions on UK exchanges.
