4.1.           How stamp duty tax is assessed and paid is considered and discussed ?

Stamp duty tax is a type of tax that is assessed and paid on certain documents or transactions. It is typically levied by the government on various legal documents, such as property transfers, leases, mortgages, and share transfers.

The assessment of stamp duty tax is usually based on the value or consideration involved in the transaction. The tax rate may vary depending on the jurisdiction and the type of document or transaction. In some cases, there may be exemptions or reduced rates for certain categories of transactions, such as first-time homebuyers or certain types of businesses.

The responsibility for paying stamp duty tax typically falls on the party involved in the transaction, such as the buyer or the tenant. However, the specific arrangements for payment may vary depending on the jurisdiction and the nature of the transaction. In some cases, the tax may be paid directly to the government, while in others, it may be collected by a third party, such as a solicitor or a financial institution.

To ensure compliance with stamp duty tax regulations, it is important for the parties involved in the transaction to accurately assess the tax liability and make the necessary arrangements for payment. Failure to pay the required stamp duty tax can result in penalties, fines, or even legal consequences.

Overall, the assessment and payment of stamp duty tax involve understanding the applicable rates, exemptions, and payment procedures, and ensuring compliance with the relevant regulations. It is advisable to seek professional advice or consult the relevant government authorities to ensure accurate assessment and timely payment of stamp duty tax.