Stamp Duty on Shares Purchase

G

GalwayBay

Registered User
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Hi all, hoping someone can help me.
I am new to purchasing shares and was hoping for an answer on this please. I purchased Lloyds Banking Group Shares through Trade Republic . They pass this on to a German Broker Lang & Schwarz Broker GmbH. I paid for the shares in Euro and paid the 1 euro Fee to Trade Republic. From what I have read, as there is a 0.5% stamp Duty on Uk Companies and Lloyds is on the FTSE, would I need to pay Stamp Duty to HMRC in the UK on this? The transaction was over 1k! Thank you for any replies!
 
What does it say on the transaction report form you got?

It should show the number of shares, the unit price, the exchange rate, any fees and duties paid
 
Hi Jpd,
It mentions external cost surcharge ( Trade Republics Fee) of 1 Euro.
No other mention anywhere of taxes or charges!
Is it because it is on the Lang and Schwarz exchange on the Hamburg Stock exchange?
I find it strange, as it appears that Trading 212, Degiro etc seem to have stamp duty costs taken off, although perhaps these trades happen on the LSE?
No mention of exchange rate etc as I was always shown this in Euro on the Trade Republic app
 
I assume Trade Republic deducts applicable Stamp Duty from Irish or UK share purchases or is it up to me to do a separate declaration?
 
GalwayBay said:
Yes, Lloyds Banking Group Plc and not Lloyds Banking Group ADR listed in the US.
Click to expand...
Are you absolutely sure? The former isn't listed on the Lang & Schwarz exchange as far as I can see. What's the ISIN of the instrument that you bought?
 
The transaction note should also show the exchange where the shares were purchased
 
GB0008706128
Maybe Lang and Schwarz are the broker and the stamp duty is absorbed by them/Trade Republic?
I am new to this so sorry for the confusion!
It states the counterparty to the transaction is Lang and Scwarz TradeCenter AG and Co KG
 
Sounds like the purchase was done via a private exchange and not on the LSE
 
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