Cheers, was not sure about that, how does the rest look. Am I on the money (so to speak!).
Ok, but just looking at that, I am guessing that the profit that you show should not include the .3% fee? Anyway, i appreciate the reply, think I have a handle on what the process is and have done up a handy Excel package for calculating profit/loss.
Happy Trading!
I am thinking about opening a share trading account with ODLS in the UK
does anyone have any experience of them.
if i buy share with them and they hold them in a nominee account for me
do i still have to pay stamp duty and tax.
Are there also minimimum charges involved. Is there a min charge for buying irish shares on sharewatch of about 20 Euro plus a yearly charge of 60 euro? Mabey I am totally incorrect on this though?
I thought capital gains tax is 20%Educating myself at the moment. don't forget that your profit is taxable at ~23%.
I thought capital gains tax is 20%
Where are you getting the other 3%
Do you pay income tax on profits from selling shares btw?
Do you only pay dirt once a year on the total accumalated profit in your bank account. Shur you dont have to pay dirt every time you make a profit on every transaction. In other words if i made 10 profitable transactions in a year and then in the last month lost everything shur i'd pay no dirt at all then. Would i even pay capital gains tax?
Ah ok.I only mentioned the 23% DIRT because someone referred to "23%" and that's where I thought some confusion could come in.
DIRT is usually deducted directly by your bank.
I think you are referring to transactions attracting CGT, where the rate is 22%. You can offset capital losses against capital gains.
Ah ok.
If i made €10,000 profit on sharedealing in my bank account by the end of the year i would then come along and pay CGT 22% giving me a profit of (10000/100x78) = €7800
I would then pay 23% dirt tax on this €7800 which would give me a grand total profit of €6006?
I then pay no further tax at all is it and keep €6006?
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