stamp duty

[binsley]

does anyone know what the current situation is with paying stamp duty when trading uk listed stock?

Cheers

 

[gbr128]

You pay 1/2% on buying. Doesn't apply to spreadbets, not sure about CFDs.

 

[wysinawyg]

0.5% when you buy. If you want to avoid it:

1) use spreadbets; or
2) use CFDs; or
3) purchase ADRs or similar on a foreign exchange; or
4) find a good lawyer and tax advisor to set up something complicated and expensive off shore (I presume this can be done)

wysi

 

[Skimbleshanks]

Remember too that although a stock may be UK-listed, it may be classified as an Irish stock - the downside is that you pay 1% stamp duty on Irish stocks instead of the usual ½% for UK-listed UK stocks.

 

[TBS]

Any queries with stamp duty try APCIMS - 0207 247 7080.

http://www.apcims.co.uk/

They know the ins and outs better than most - especially as they have been trying to get it abolished for the last 4 years (probably longer)

 

[binsley]

Thanks guys - thats a big help