Do you know what stamp duty is?If not, then you have never encountered buying and selling securities or have not made transactions with real estate. Unfortunately, in Russia the tax and legal literacy of the population is by no means high. Therefore, our article will prove useful to many.
The tax system seems to Russians"Chinese literacy," most of us do not know how many taxes we pay to the state treasury, and even less interested in the tax system of other countries. The stamp duty still causes a lot of questions among specialists, they can not decide which category to include - duties or taxes. After all, it fits the definition of both.
We can say that stamp duty isa special tax that levies the state from private and legal entities for transactions with real estate and securities. It is paid without fail when applying to state institutions.
Stamp duty is a one-of-a-kind tax,payment of which is confirmed by official papers or seals. Strictly speaking, the name received this tax for the same reason. Initially, his payment was confirmed by issuing a special stamped paper with a stamp or stamp. The actual stamp duty is taken for the confirmation by the state of any actions of its citizens.
Each state independently on the basis ofadopted legislative framework establishes a system for calculating stamp duty. In some countries, it is a kind of value-added tax and is charged as a percentage of the amount spent on the purchase. Other states set a fixed amount, which varies depending on the transaction.
You can pay stamp duty both waystransaction, and one. This is also regulated at the legislative level. Usually, the state very carefully monitors the payment of this tax, in the event of violations, a natural or legal person can wait for criminal prosecution.
This practice is quite common forabroad, and recently in the countries of Europe there is a tendency to change in the taxation system. Europeans are awed with horror for its tightening, which will significantly affect their welfare in the face of the economic crisis.
If you are interested, when was installedstamp duty in our country, it is worth looking into the distant seventeenth century. The first to establish this tax Peter I, releasing a special paper with a seal. During the following years, the tax legislation developed, and by the nineteenth century the stamp duty in Russia was finally fixed in the form of a tax.
The collection of this tax wasfinances, it also monitored the implementation of the law and identified non-payers. At the beginning of the twentieth century, stamp duty was a rather complex system. It was divided into a simple, having five classifications, and proportional, subdivided into an even more complex and branched structure.
The payment of the tax was made with the help of issuedthe state of stamps. In prerevolutionary Russia, about thirty-six brands of various species were produced, they were used up to the twenties of the last century.
In the USSR, they tried to change the tsarist system of paymentstamp duty, so it was replaced by a single duty, which lasted until the nineties of the last century. After the collapse of the USSR, the government of our country returned to the practice of collecting stamp duty, but this only concerned transactions in securities. The purchase and sale of land plots and real estate no longer presumed payment of stamp duty.
At present, Russia has a separate tax on transactions with real estate and securities. Citizens of our country do not pay stamp duty.
The United States and Canada are countries wherepays stamp duty. There is another system of taxation. But sometime this tax played the role of a catalyst that radically changed the course of events in the American colonies.
Many historians believe that the stamp duty of 1765year was the last drop, outweighed the cup of patience of the colonists, who began to seriously think about secession from England. The fact is that Britain during this period experienced a tight budget deficit and tried to cover it with the introduction of new taxes. Naturally, the colonies suffered most from them. Tax oppression and so caused a lot of protests among the population of the North American colonies, but most of the money went to the needs and development of the settlements themselves, so the protests were extinguished by the authorities. But in 1765 the act of stamp duty was collected, which future Americans had to pay for virtually all items and goods purchased in the territory of America. This caused a storm of protest, especially disturbing in Boston. The law on stamp duty encouraged the townspeople to go out onto the streets of the city with placards and slogans. They were outraged by the fact that the tax would go completely to the treasury of Great Britain. In addition, this stamp duty was five times higher than a similar tax in Britain itself.
In the end, after sweeping the countrywaves of demonstrations, the law on exorbitant tax was never adopted. Until now, the stamp duty in the United States is not paid by the citizens of the country and by migrants residing in the territory of the state and having no citizenship.
The stamp duty of Great Britain concerns onlytransactions with real estate. It is paid by individuals and legal entities when buying or selling apartments, land allotments, industrial premises and residential buildings. In any case, the British will be forced to pay this state fee, as they call this tax. In one way or another, it has been present in the life of the English since the end of the seventeenth century. It was then that the stamp duty was first applied.
In the UK, it is assessed on a specialscale as a percentage of the purchase amount. It is worth noting that the tax is quite flexible, it varies from 2 to 14%. The higher the purchase price, the more money you will have to pay to a resident of the Misty Albion.
At first the system was imperfect, and withan insignificant transfer from one category of the amount of purchase to another tax significantly increased. In 2014, the scale of accruals was edited and became more fair.
In 2015, the UK government adoptedThe law, which prescribes the payment of an additional stamp duty in the event that the purchase amount exceeds 40,000 euros, the buyer will be compelled to pay an additional 3% of the purchase price in addition. In Britain, the payment of tax is assigned to the buyer.
Naturally, there is a category of population,which is exempt from payment of stamp duty. In the UK, this is possible only if you receive a property as a gift or by inheritance. The same category includes the entry into the right to use real estate as a result of the division of property in the divorce proceedings.
In all other cases, when dealing withThe property needs to pay a tax. And only in case of presentation of documents on payment you can get a certificate of ownership of the property.
Surprisingly, the country does not existSpecial institutions involved in the calculation and control of the payment of stamp duty. This function is entrusted to the British themselves. The fact is that usually all real estate deals are dealt with by lawyers. The amount of their fee is exactly the calculation of the tax, they do it with the help of a special calculator.
According to the law, stamp duty must be paid interm up to thirty days after the entry into force of the transaction. Any day, a Briton can pay the right amount and get a long-awaited certificate confirming the ownership of real estate. Currently, an amendment to the stamp duty law is under consideration. The deadline for tax payment is planned to be reduced to two weeks. Terms for companies and individuals are identical, but for legal entities, the tax is charged slightly differently.
