What expense category does stamp duty come under?
There is no definitive answer to this question as the answer will depend on the business owner or finance team's accounting system and categorization. However, some possible expense categories for stamp duty could include:
Legal and Professional Fees
Stamp duty is often considered a legal or professional fee, as it is a tax that is payable on certain legal documents. This is a common category for businesses to categorize stamp duty under.
Taxes
Another possible category for stamp duty is taxes. This is because stamp duty is a tax that is payable on certain transactions. This is a common category for businesses to categorize stamp duty under.
Other
Another possible category for stamp duty is other. This is because stamp duty can be considered a miscellaneous expense. This is a common category for businesses to categorize stamp duty under.
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