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Navigation - CFDs section
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| You Are Here: Home > Stockmarket & Trading > CFD Section > FAQ > question & answer |
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CFDs don't levy Stamp Duty at 0.5%
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Last update : March 2010
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| CFDs are not subject to UK stamp duty at 0.5%, offering for example a £50 saving on a purchase of £10,000 worth of Tesco or BP shares.
0.5% might not seem such a saving but this all depends on how much trading you do. For example -
- If you trade a couple of times a month saving 0.5% is welcome but it won't make any real difference to your profit & loss
- But trade several times a week and the savings on Stamp Duty will be considerable
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| Also, remember that successful trading and speculation is not all about making money, the cost of doing business can play a vital role.
These costs can be split into two main parts -
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