Stamp Duty Levies

Question 1

What is the name of the electronic system used to purchase shares?

Answer 1

Crest (no paper certificate supplied)

Question 2

How much stamp duty is paid on purchasing shares electronically?

Answer 2

0.5%

Question 3

How much stamp duty is paid on shares bought via paper?

Answer 3

0.5% rounded up to the nearest £5

Question 4

What is exempt from Stamp Duty on purchase?

Answer 4

AIM shares, Gilts, ETF, UT and OEICS

Question 5

What is the PTM levy?

Answer 5

Panel of Takers and Mergers

Flat charge of £1 if trade over £10,000 or more. Applies to both seller and buyer