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Costs associated with selling Vodafone shares?

  • 04-05-2012 4:19pm
    #1
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭


    If I had 1000 shares to sell and say they are worth €2,000.00

    Can someone tell me how to calculate all the costs involved (incl CGT and/or stamp duty), using Sharewatch whos fees are as follows? -
    Online Share Trading

    Ireland, UK, US, Canada, Spain, Germany, Netherlands, France, Switzerland. From €14.95 (min) or 0.3%
    Is it as simple as 2,000 x 0.3% = €6.00 so as they have a minimum it will be €14.95 euro to sell??? and what's CGT and/or Stamp Duty? How to calculate that.

    Any other fees?

    Thanks in advance


Comments

  • #2
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    Bump


  • #3
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    Anyone help please?

    TIA


  • #4
    bah1011
    Registered Users, Registered Users 2 Posts: 66 ✭✭bah1011


    Don't use sharewatch but (not 100% sure) depending on your other income etc... I think you would be almost completely exempt form CGT.

    I cant remember but I think personal exemption is around 1270 plus your 14.50 costs. CGT is 30% so i think you would pay €220.65


  • #5
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    bah1011 wrote: »
    Don't use sharewatch but (not 100% sure) depending on your other income etc... I think you would be almost completely exempt form CGT.

    I cant remember but I think personal exemption is around 1270 plus your 14.50 costs. CGT is 30% so i think you would pay €220.65


    And is there stamp duty?

    Why not use sharewatch?

    Is there better/cheaper for one off trades?

    Thanks


  • #6
    bah1011
    Registered Users, Registered Users 2 Posts: 66 ✭✭bah1011


    sorry I meant I dont use sharewatch. Stamp duty is 1% as far as I know.


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  • #7
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    bah1011 wrote: »
    sorry I meant I dont use sharewatch. Stamp duty is 1% as far as I know.


    Thanks bah

    So 2,000.00 - 1270.00 - 14.50 = 715.50 x 30% = 214.65

    2,000.00 - 214.65 - 1785.35 Net to me ????

    Where does the 1% Stamp Duty come into play - is it 1% of the 2k or the 214.65 ???

    Cheers


  • #8
    EMPM
    Registered Users, Registered Users 2 Posts: 321 ✭✭EMPM


    Hi Vicwatson,

    I dont use sharewatch but the €14.50 would be the minimum commission charge so (€2000 x .3% = €6) as the .3% is lower than €14.50, €14.50 would be the charge.

    Stamp duty is only charged on purchasing so you would not have to pay that.

    CGT is self assessment and as bah101 said it is 30% on gains however you have an allowance of €1270, so if you make a gain over €1270 you pay 30% tax.

    Cheers
    EMPM


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