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When you buy shares, you usually pay a tax or duty of 0.5% on the transaction. If you buy shares electronically Stamp Duty Reserve Tax (SDRT) is payable. For shares purchased using a stock transfer form, you will pay Stamp Duty if the transaction is over £1,000.
I rely on the expertise of Sence Accountancy for all my financial needs - end of year tax return, payroll and business advice.
Kip McGrath Education Centres