Degiro and London/Dublin Stamp Duty

dingdong1234567 · 29-01-2018 05:07PM #1

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?

BrokenArrows · 29-01-2018 05:28PM

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?

dingdong1234567 · 29-01-2018 07:37PM

BrokenArrows wrote: »

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

Interserve.

ct5amr2ig1nfhp · 29-01-2018 07:51PM

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"

BrokenArrows · 29-01-2018 09:08PM

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.

Degiro and London/Dublin Stamp Duty

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