tar Legendary member Messages 10,443 Likes 1,314 Jul 21, 2010 #1 Should you pay a stamp duty if u short an UK share ? Because you borrow the share before you sell it ...
Should you pay a stamp duty if u short an UK share ? Because you borrow the share before you sell it ...
N ns1000 Established member Messages 524 Likes 38 Jul 21, 2010 #2 No. Because you're only borrowing the share there is no change in the legal owner, so no transfer that needs stamping.
No. Because you're only borrowing the share there is no change in the legal owner, so no transfer that needs stamping.
tar Legendary member Messages 10,443 Likes 1,314 Jul 21, 2010 #3 ns1000 said: No. Because you're only borrowing the share there is no change in the legal owner, so no transfer that needs stamping. Click to expand... Thanks , but i will pay when i buy back the shares ?
ns1000 said: No. Because you're only borrowing the share there is no change in the legal owner, so no transfer that needs stamping. Click to expand... Thanks , but i will pay when i buy back the shares ?
S slickg Newbie Messages 3 Likes 0 Jul 21, 2010 #4 As far as I understand yes. You will pay stamp duty when you buy back the shares.
tar Legendary member Messages 10,443 Likes 1,314 Jul 21, 2010 #5 Thanks guys , if i trade through a nominee account do i pay SDRT or stamp duty ?
N ns1000 Established member Messages 524 Likes 38 Jul 21, 2010 #6 If the stock is dematerialised (i.e not certificated) you pay SDRT. As an aside if you trade CFDs you don't pay stamp. But then you probably knew that.
If the stock is dematerialised (i.e not certificated) you pay SDRT. As an aside if you trade CFDs you don't pay stamp. But then you probably knew that.
R raysor Established member Messages 508 Likes 12 Aug 2, 2010 #8 There is no SDRT on a sale. When you buy to close there is SDRT.
