UK stamp duty in a 212 Pie

[freddie]

Hi,

Does anyone know who UK stamp duty works within a 212 pie?

For instance, if you make a buy order for only £1, do you end up paying 1p of stamp duty on it, therefore effectively a 1% tax/charge?

That sounds to me like it might be something to avoid.

Interested to hear everyone’s views on the forum.

Thanks

[Richard.W]

This experiment shows that stamp duty is deducted. The stamp duty cost is figured into the number of shares purchased. It is a deduction of 0.5% as it should be.

(99/4191)×0.995 = 0.02350393

[freddie]

Thanks very much, Richard!