So I have a list of companies I am interested to buy a few shares in and just going through and looking them up, reading about them etc. But this has thrown up a few questions…
- Some have stamp duty payable? Now from what I can gather from Google stamp duty is payable at 0.5% on all shares unless exempt and most AIM shares are exempt? There are 3 companies that I am looking at that have stamp duty payable but also don’t have particularly high share prices:
Why do these three have stamp duty? I realise the simple answer is that they are likely not AIM shares but what makes them not? If that makes any sense…need more tea!
- Some of the companies have ongoing charges and transaction costs. Are the transaction costs one off fees? How are these paid - I mean if I only invest say £10 in each of these companies do I pay a small % as well as cost for shares when I buy? Are ongoing costs taken out of any dividends/income so I won’t suddenly get slapped for a bill a year down the line? These companies are:
Thank you. Love the community here and help and advice. Its really interesting to get involved but a whole rabbit warren!