costs involved when buying shares..

[whiskey1]

Does someone know the charges involved when buying shares? At the moment the following is what I have come up with:

1. About 1.5% charge by stockbroker to buy shares.
2. 60 euro for the share cert.
3. 1% stamp duty.

4. About 1.5% charge by stockbroker when selling shares.
5. 33% capital gains tax on sale of shares.

Would these figures be about right or have I left out something?

Is the share cert necessary, is there another means of verifying share holdings?

Where would be the best places to go to to buy shares, e.g. stockbrokers, allied irish bank etc.?

Thanks.

 

[mercman]

These charges vary from which stockbroker is used. The more frequent am broker is used there is a chance the commission will drop. As for the Contract charge, only a certain small number of Irish brokers charge this. The Stamp Duty is a charge by the Irish Government. In Uk shares the stamp duty is 0.5%. These charges vary from country to country, but cannot be a voided. CGT is only payable on profits so it is not a standard charge.

If it is intended to trade frequently, use a stockbroker whether in Ireland or the Uk. The on line brokers are in the main much cheaper. Depending which markets you intend to trade on, the research available varies. Using a Bank is a very expensive way to trade shares.