Stamp duty on shares

🤝 Help
1

Hello,

Pls may some one help

Is the stamp duty spread across the share price

So if you buy 15 shares at £1 and stamp duty is £1.50

Each share on the platform is then calculated at £1.10?

So then when you sell you don’t have to take into account the stamp duty?

2

This question can be best answered by using the practice account and carefully observing what happens. Stamp duty is charged in both ISA and Invest accounts and in an Invest account is an allowable expense against capital gains tax when you sell.

0.5% on £15 is 7.5p. So basis cost for each share will be £1.05.

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