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Degiro Gurus...

  • 05-02-2019 5:23pm
    #1
    Site Banned Posts: 160 ✭✭ Kidkinobe


    Just say I have 50K to invest so I log on to Degiro and buy 50,000 worth of 'ABC shares" at exactly 10 Euro each.
    My fees would be 2 Euro + 0.058% plus stamp duty of 500 euro so If my maths are correct, to buy exactly 5000 shares at 10 euro each, it would cost me 50,529 Euro.
    Fast forward 3 weeks and the 5000 shares I bought at 10 are now worth 10.50
    So I decided to sell..5000 x 10.50 = 52,500.
    Once I remove the initial 529 it cost me in fees/stamp duty to buy the shares, I am left with a profit of 1971, once I remove degiro fees, take another 30 off. Leaving me with 1940 profit, or 51940 sitting in my degiro acc/
    Of this 51940 is there stamp duty to be paid or is there stamp duty only on the 1940 or is there even any stamp duty when you sell?
    TIA for any knowledge on this.


Comments

  • Registered Users Posts: 5,374 ✭✭✭ Wheety


    Stamp duty is only when you buy. CGT may be owed.


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