When is Stamp Duty payable?

As of June 2014, Stamp Duty is payable either at the time of purchase or within 30 days of document execution, according to HM Revenue & Customs. If the Stamp Duty is not paid within 30 days, additional penalties and interest may be applicable.

Stamp Duty tax can be paid by telephone, online, by mail or in person at a Stamp Office. Stamp Duty is a required tax that is paid on the purchase or transfer of stocks. It is also applicable to land purchases and transfers that were made prior to Dec. 1, 2003. Stamp Duty may also be applied to certain transfers of interest in partnerships.