Stamp Duty Land Tax
« Back to Glossary Index
This is a Government fixed tax, chargeable on the execution of documents, pertaining to
transactions such as Leases, Agreements for Leases and Conveyances. The duty is payable by the
purchaser or lessee, and the disposal document can not be adduced as evidence of the transaction
unless adequately stamped. The rate applicable is set by Central Government and varies depending
upon the value of the transaction.