SIGnet Join Donate Contact Login
ShareSoc — UK Individual Shareholders Society
Popular AGM voting guidance Investor Academy Company research Woodford campaign SIGnet groups
SIGnetJoinDonateContactLogin

Stamp Duty Review

The ShareSoc blog provides news and informal commentary from directors, members and other contributors. Entries reflect the personal views of the authors, which do not necessarily reflect ShareSoc’s formal position. Contributors may hold shares in the companies mentioned. Nothing in this blog should be viewed as financial advice. You may submit comments on blog posts, but ShareSoc reserves the right to remove or edit inappropriate or defamatory submissions.

The Office of Tax Simplification is currently undertaking a review of Stamp Duty. Stamp Duty is paid on share transactions, although there are numerous exceptions and ways to avoid paying it. Although this review seems to be primarily focussed on technical aspects and how to remove paper processes (still needed for off-market transfers for example), ShareSoc argues that the tax should be scrapped altogether.

Our full submission to the review can be read here: https://www.sharesoc.org/Stamp-Duty-Review-2016-12-24A.pdf.

This is a simple example of the work ShareSoc does to represent retail investors.

Roger Lawson 24/12/2016

Post Date: January 5, 2017
3 Comments
  1. Graham fraser says:
    5th January 2017 at 4:11 pm

    What about a lower rate of Stamp Duty that was also payable on CFDs (eg 0.25%) Levelling the playing field between CFD trading and share trading.

    Reply
    • sharesoc says:
      5th January 2017 at 4:14 pm

      Looks like the OTS would like a meeting to discuss, so we might mention that then. Although clearly it would be preferable to remove stamp duty on all transactions to “equalise” matters.
      Roger Lawson

      Reply
  2. Stephen Burke says:
    6th January 2017 at 3:07 pm

    Also ISAs and pensions are advertised as being tax-free, so it’s anomalous that stamp duty is still levied on them.

    Reply

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Become a free Associate ShareSoc member

Enter your email to sign up as a free Associate ShareSoc member and receive our emails. It takes a few seconds — and on the next page you'll have the option to customise your membership.