Tag: Stamp duty

Stamp duty on bank transactions

Stamp duty on bank transactions

| 17/12/2018 | 4 Comments

On what basis does government charge 25 cents stamp duty on a transfer from a customer’s savings account to his checking account? This is just an internal transfer. Auntie’s answer: The reason seems to be “because they can” as a way to bring in money to the government, under the Stamp Duty Law (2013 Revision). […]

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How is stamp duty assessed on inherited property?

How is stamp duty assessed on inherited property?

| 19/04/2017 | 9 Comments

I am leaving my house to my children in my will. When I die, will they have to pay stamp duty on their inheritance? If so, how would government work out what that is?  Auntie’s answer: Finally, I am able to tell someone that the government will not take a fee for something. Yes, that’s […]

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