Joe Nonety
Registered User
- Messages
- 418
I was looking to convert a paper Irish Share Cert to electronic form, possibly through Davy Select.
I noticed on the Revenue site, this link saying "A Stamp Duty charge of 1% arises where the transfer of Irish securities takes place electronically through the CREST electronic clearing system."
Would the 1% stamp duty apply when I transfer my Share Cert to electronic form through CREST?
Or is the stamp duty only when I cash in my shares?
I may also transfer the shares from Davy Select to another broker, presumably I just have to pay the Brokers' fees for that and not any stamp duty?
I noticed on the Revenue site, this link saying "A Stamp Duty charge of 1% arises where the transfer of Irish securities takes place electronically through the CREST electronic clearing system."
Would the 1% stamp duty apply when I transfer my Share Cert to electronic form through CREST?
Or is the stamp duty only when I cash in my shares?
I may also transfer the shares from Davy Select to another broker, presumably I just have to pay the Brokers' fees for that and not any stamp duty?