stamp duty

binsley

Junior member
39 0
does anyone know what the current situation is with paying stamp duty when trading uk listed stock?

Cheers
 

wysinawyg

Active member
186 1
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

1
2,325 16
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

Well-known member
385 0
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)
 
 
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