Cost price doesn’t include UK stamp duty or FX charges. Is there a way to modify the cost/avg cost to reflect the correct cost of the share or a trade like other brokers. Currently it is not reflecting Stamp Duty or FX charges in the cost which resulted in the wrong return amount.
Regards
JPN
I think, and someone can tell me if I am wrong, but you need to exclude these when calculating capital gains(and subsequent taxes) for most countries.
I do agree, I prefer to record the full costs when I track my own performance, but I do this offline using the statements.
Hi @Dougal1984 Capital Gains or Loss does include Stamp Duty Reserve Tax (SDRT) and FX charges/fees of brokers.
This is a deductible cost and should be included in the purchase cost of the shares.
Tax when you sell shares: Work out your gain - GOV.UK (www.gov.uk)
HMRC is very clear and explicitly mentions about those costs. Need some clarification from Trade 212 representatives. I have used 7 different brokers so far and all of them include these costs in the cost/avg cost price. Probably Trade 212 is working on it but need some clarification from someone.
Thank you for the context, @jpnaik 
Including the stamp duty & fx fee in the final cost price is not something we’re considering for the time being. But, I see how it could be beneficial, so I’ll run your proposal past the team to consider as part of future app improvements.
In the meantime, as @Dougal1984 mentions, a workaround is to get those variables by exporting a CSV file through the mobile/ web app.
Hi @B.E Thank you for your reply.
I hope you will consider this in the nearer future as all your big competitor does it including
Halifax,
AJ Bell,
Hargreaves Lansdown,
IG Market,
Interactive Brokers,
iWeb,
Fineco Bank,
Saxo Market.
I have used all of them and they put the cost inclusive of Stamp Duty Reserve Tax (SDRT) and FX charges/fees.
I have recently started using Trading 212 and the best part is the Pie feature which comes into it’s own. However I too think the way the UK Stamp Duty is ignored when taking into account purchase costs is flawed and needs to be included when working out your (sales) return. The only way to get the true figure is to know how many funds you have deposited and work on this basis. This becomes tedious when bigger sums and various investment vehicles are involved. Please Trading 212 get this updated as soon as you can. I’m surprised this has not been resolved as it’s already a year ago this was brought to your attention.
Thank you.
@BInvestHQ I think the term is TWRR or Time weighted rate of return, at least for performance return. Another simple way would be to take current value of portfolio + withdrawals less deposits to give you your all time unrealised + realised gain loss, inclusive of all fees.
Thanks for that. Keeping track of any future withdrawals, when the time comes, needs to be kept recorded. I still wish Trading 212 will take into consideration UK Stamp Duty. I don’t understand why this has not been implemented? I also keep a spreadsheet running to keep track of individual funds invested with my other trading platform. I have not completely switched over to this platform as I like the fact that I receive a quoted price and I know what I’m getting before hitting the Buy/Sell button.
@jpnaik You are right, other brokers take into consideration the 0.5% stamp duty charged into their calculations automatically. As trading212 has not addressed this to date, the only quick fix is to remeber to add 0.5% to UK share prices as a break even point. Of course this is not applicable to AIM listed shares at this time.
I really dont see what the problem is here.
When you place an order with T212 a review order box pops up as in the below example showing you how much stamp duty you are paying .
Obviously it calls it an indicative amount as with any trade the value of the purchase changes second by second until you click send buy order.
@Hampshire101 either you don’t know what you are talking about or intentionally trying to play down my genuine concern. When you buy a UK stock and when it appears in the portfolio, the cost inside the portfolio doesn’t include 0.5% stamp duty charges. Try to to buy a UK (non AIM) stock and see for yourself.
@BInvestHQ Thanks for understanding my point. Currently, I am doing exactly what you have suggested by adding 0.5% to cost for correct P/L calculations. However this is a bit of inconvenience if someone do multiple transaction with multiple market. Its easy to forget adding the 0.5%. Any way thanks for understanding the point I am raising here.
This is why i get frustrated contributing to threads like yours as I get people like you insulting me or telling me i dont know what i’m talking about.
I was genuinely trying to answer your question but wont bother answering the likes of you anymore
It’s when you come to sell which is the problem or just looking at the gain. You need to take the extra 0.5% tax into consideration. When Trading212’s calculations say you are selling at break even point you are infact down by 0.5%.
I agree. Thats exactly the issue. Its a wrong costing value that is the problem. Thanks for understanding and explaining it better.
UK traders can deduct UK Stamp duty charged at 0.5% and any charges when calculating CGT which makes sense as these are costs and are deductable including brokers fees. I never considered FX fees. We also pay a PTM levy over trades of ÂŁ10,000. (The PTM levy is a charge that applies when you buy or sell ÂŁ10,000 of shares on the UK stock market. PTM stands for Panel on Takeovers and Mergers, and the charge you pay is ÂŁ1 (ÂŁ1.50 from 2 December 2024).
It would be great if the Trading212 app had additional settings that could configure these fees and then automatically incorporate and calculate these fees depending in which country this applies to. Any chance of this happening?
