Skip to content

Tax — Investment Community

Join The Investors Centre Community

Ask questions, earn Equity, and learn from fellow UK traders and investors. It's free.

Join Free
3 1
Tax veteran's avatar Regular · 1 week ago
When you buy UK shares you pay 0.5% stamp duty upfront yet the same transaction in US or European shares attracts zero such tax, how can the UK claim to be a competitive global financial centre?
That half percent drag means a £100,000 UK portfolio pays £500 more per turnover than an identical US listed portfolio. Doesn’t that directly discourage people from investing in their own home economy?
Krys replied

One could argue that SDRT is a minor 0.5% and that london remains competitive due to deep capital pools, rule of law and time zone advantages but that defence ignores…

1 Reply 0
Rate a broker — earn +5 Equity

Help the community choose the right platform.

Rate now

Top Stories

See all →