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Wondering what is the difference between stamping and franking? Stamping is paying the tax to the government to approve your property documents during a home purchase. And Franking refers to the process of stamping the legal property papers. For complete details on how do they differ, visit our website: https://www.pnbhousing.com/blog/franking-and-stamping-whats-the-difference/
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Franking and Stamping – What’s The Difference? What is Stamping? Stamping refers to the act of paying the tax to the government to approve your property documents during a home purchase. These documents often include a sale deed, mortgage papers or a transfer of assets or properties. What is Franking? Franking refers to the process of stamping the legal property papers. Franking is done by authorised banks who either stamp your documents or can attach a denomination to them. Franking is often carried out using a franking machine. Such a machine-made stamp is proof that you have paid your stamp duty. Franking or Stamping – Are they the same? The main difference between stamping and franking is that stamping is the payment of a duty that proves that your property documents are legal, whereas franking is a proof that indicates that any duty related to stamping has been paid by the home buyer. https://www.pnbhousing.com/blog/franking-and- stamping-whats-the-difference/
