Search results
Results from the WOW.Com Content Network
The rate of stamp duty on such transactions varies according to the status of the transferee; if the transferee is a Belonger, then stamp duty on land transfers is assessed at 4%; if the transferee is a Non-Belonger, it is assessed at 12%.
Postage stamps and postal history of the British Virgin Islands. 1867 stamp. 1867 The Missing Virgin is the rarest stamp – only four or five examples are known; the last time a Missing Virgin was at auction was on December 11, 2015 when it fetched GBP120'000. The colony of the British Virgin Islands has issued its own stamps since 1866. [1]
v. t. e. The law of the British Virgin Islands is a combination of common law and statute, and is based heavily upon English law . Law in the British Virgin Islands tends to be a combination of the very old and the very new. As a leading offshore financial centre, the territory has extremely modern statutes dealing with company law, insolvency ...
Stamp duty was formerly a graduated progressive tax with more expensive the house bought the greater the stamp duty rate. The top rate slowly increased from 0.5% in 1882 to 3% in 1947, 5% in 1973, 6% in 1975, reaching its peak at 9% in 1997.
The British Virgin Islands comprise around 60 tropical Caribbean islands, ranging in size from the largest, Tortola, being 20 km (12 mi) long and 5 km (3 mi) wide, to tiny uninhabited islets, altogether about 150 square kilometres (58 square miles) in extent. They are located in the Virgin Islands archipelago, a few miles east of the US Virgin ...
The British Virgin Islands has issued revenue stamps since 1988. The first issue consisted of two values of $25 and $100, which represented the fee for wedding licences. In 1996, a set of three values – of $10, $40 and $50 – was issued with a design showing a bird. The first issue had no imprint date, but the $40 is also known with imprint ...
v. t. e. A transfer tax is a tax on the passing of title to property from one person (or entity) to another. In a narrow legal sense, a transfer tax is essentially a transaction fee imposed on the transfer of title to property from one entity to another. This kind of tax is typically imposed where there is a legal requirement for registration ...
Excise tax is an indirect tax created in the United Kingdom during the First English Revolution, also known as "stamp duty", which has been applied to a wide range of products, particularly imports. Historically, it was collected by the Board of Excise , which was subsequently combined with the Inland Revenue (responsible for collecting direct ...