The first tax cut by an incoming Conservative government will be the abolition of stamp duty on shares.

Read article here

Was with hb, Stan - but as you can see on other posts they now have a new trading site which for some inexplicable reason is deducting stamp duty on stamp exempt stocks (they actually deny doing it even though it's right there on the proposed contract note). As I only trade stamp duty exempt stocks hb are useless. I've been trading experian very profitably but hb won't even give an online quote for that one now! I wondered how Barclays and etrade might measure up.

I had the same trouble with HB (which I started to use about 3 years ago) but stopped using them because when I traded ISF (which as you probably know have no stamp duty) HB would not allow me to trade online. I have not used them since and finally closed my A/C yesterday.

Think that all of these online brokers have there limitations but (for us larger volume traders) Barclay's are the lesser of the evils.

ED: Can't actually remember Barclay's discriminating between SD and non SD shares. but they certainly do not deduct SD where it is not needed, thats illegal surely?

Thanks Stan. Any idea of limitations with Barclays as regards limits of online buy-sell amounts. I like to deal minimum of 25-30,000 without problems. More if possible.

Harry,

It's impossible to say that every attempt to submit orders of the amounts that you state will be filled with Barclay's but In my experience you won't get more with the like's of idealing , Selftrade, Etrade and Hoodless Brennan.

As I say I like to deal in similar amounts to you and Barclay's have proved to be the best of the bunch. There are other advantages which I like as well such as:

1. 12 dealing charges are reduced when you do more then certain amounts of trades over the quarter.

2. You can also elect to deal on behalf of other people and the total deals over all of those accounts will count towards the 10 deals a quarter you need to get that dealing charge down to 6.95.

Recommend that you have a look at their website and study their terms.

Will do Stan. I was doing over 20 deals a day at hb until they took expn offline. So getting down to 6.95 won't be a problem. I'm only happy whilst able to scalp and that means constant dealing. Tiring but fruitful - but you need to be dealing ST exempt. HP.

No SD certainly does save an awful lot of money when frequent trading and of course the larger the amount placed means the bigger the saving. Good luck Harry.

Can we get this post back on track chaps.


The first tax cut by an incoming Conservative government will be the abolition of stamp duty on shares.

Read article here



So if you want to save a whole load of 's whilst trading then the abolition of stamp duty must be a VERY good idea.

"Can we get this post back on track chaps."..Certainly.

The "idea" is not the same as "It's definetley going to happen" and I believe it's not going to happen because as has already stated:

Old news, headline grabbing and frankly unworkable because they have not said where they will make up the stated "4 Billion" loss incurred by the proposed SD cut.

The usual Torygragh propagander IMHO.

It's so easy for these frankly discredited Party Politicians to release these throw away lines to the media.

Stan, you got mail.

Yes Harry, sorry for delayed reply as busy yesterday.