UK Stamp Duty...

[*JDR*]

Is this 0.5% paid when you buy and again when you sell ?

Thanks

 

[Jack o'Clubs]

no, only purchases. Same theory as stamp duty on property transactions - the buyer pays, not the seller.

 

[fibonelli]

not payable on ETFs

 

[*JDR*]

Ok thanks for that...
That is what I thought....

it is still not nice if one wants to trade UK shares.

 

[Jack o'Clubs]

it is still not nice if one wants to trade UK shares.

true - hence the CFD market, although you'd want to make sure they were DMA CFDs otherwise you're back to the problems with bucket shops.

 

[Directional]

with CFD's making a mockery of the governments attempt to tax shares, and the tax itself being something of a stifle on the industry, why doesnt the government just dump it??

 

[Jack o'Clubs]

with CFD's making a mockery of the governments attempt to tax shares, and the tax itself being something of a stifle on the industry, why doesnt the government just dump it??

the next one is planning to, I believe