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Degiro and London/Dublin Stamp Duty

  • 29-01-2018 4:07pm
    #1
    dingdong1234567
    Registered Users, Registered Users 2 Posts: 828 ✭✭✭


    I have a UK account with degiro and I am UK based. However on a buy transaction today I have been charged the London/Dublin Stamp duty for LSE listed stock. Why Am i being charged this? Anyone else experience this?


Comments

  • #2
    BrokenArrows
    Registered Users, Registered Users 2 Posts: 7,501 ✭✭✭BrokenArrows


    dingdong1234567 wrote: »
    I have a UK account with degiro and I am UK based. However on a buy transaction today I have been charged the London/Dublin Stamp duty for LSE listed stock. Why Am i being charged this? Anyone else experience this?

    Stamp duty is charged on most LSE listed stocks.
    What stock did you buy?


  • #3
    dingdong1234567
    Registered Users, Registered Users 2 Posts: 828 ✭✭✭dingdong1234567


    BrokenArrows wrote: »
    Stamp duty is charged on most LSE listed stocks.
    What stock did you buy?


    Interserve.


  • #4
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    From DeGiro fees summary:

    "PTM (Panel on Takeovers & Mergers) Levy, Government Stamp Duty or Stamp Duty Reserve Tax (0.5% on purchases of UK shares and 1.00% on purchase of Irish shares) is not included in any of the commission fees quoted"


  • #5
    BrokenArrows
    Registered Users, Registered Users 2 Posts: 7,501 ✭✭✭BrokenArrows


    dingdong1234567 wrote: »
    Interserve.

    Yes that share has stamp duty. Nothing out of the ordinary.

    It's probably just the degiro labeling of the tax as London/Dublin that's throwing you off. They have just a single label for stamp duty.


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