Duty on documents and transactions.
WHAT IT IS
A duty payable on certain instruments and transactions.
WHAT IT COMMONLY APPLIES TO
Share transfers Leases and tenancy agreements Certain contracts and agreements Some financial transactions
WHO ADMINISTERS IT
The federal tax authority, with state involvement for certain instruments.
WHY IT MATTERS
An unstamped instrument may be inadmissible in evidence.
WHAT THAT MEANS PRACTICALLY
You cannot rely on the document in a dispute.
WHAT TO DO
Stamp instruments as required, within the prescribed period.
WHY WITHIN THE PERIOD
Late stamping attracts penalties.
WHAT RATES DEPEND ON
The instrument type and value.
WHAT ELECTRONIC STAMPING PROVIDES
Payment and evidencing through electronic channels.
WHAT TO KEEP
Evidence of stamping, attached to the instrument.
WHAT TO CHECK BEFORE RELYING ON A DOCUMENT
That it was properly stamped.
WHAT COMMONLY GETS MISSED
Tenancy agreements Share transfers in small companies Loan agreements
WHAT TO BE CAREFUL WITH
Charges applied to bank transfers described as stamp duty.
WHAT TO ESTABLISH
What actually applies to your transactions.
WHAT TO VERIFY
Current rates and procedures.
WHAT TO ENGAGE
Advice, for transactions of consequence.
