justforgroup
Registered User
- Messages
- 22
Given the costs below, I find it hard to believe that the little (Irish) guy can make any money trading? Is it really a fools game? It all seems exorbitantly expensive?
Costs:
Per trade+VAT@12.5% (using TD Waterhouse standard rate): €22.50
Irish shares: Stamp duty @ 1% of transaction value
UK shares: Stamp duty @ 0.5% of transaction value
Capital Gains Tax @ 25% on profit
Income tax @ 20%/ 42% on dividends
So a simple example (note that these costs are PER TRADE)
Buying 100 CRH @ €10 will actually cost you:
€22.50 + €10.23 = €32.73
Selling 100 CRH @ €15 will actually cost you:
€22.50 + €15 + ((1500-1032.73)*25%) = €154.32
So CRH would have to rise by almost 19% merely to pay the €187.05 in costs!?
Does anyone really make any money trading or are they just ignoring these costs?
Costs:
Per trade+VAT@12.5% (using TD Waterhouse standard rate): €22.50
Irish shares: Stamp duty @ 1% of transaction value
UK shares: Stamp duty @ 0.5% of transaction value
Capital Gains Tax @ 25% on profit
Income tax @ 20%/ 42% on dividends
So a simple example (note that these costs are PER TRADE)
Buying 100 CRH @ €10 will actually cost you:
€22.50 + €10.23 = €32.73
Selling 100 CRH @ €15 will actually cost you:
€22.50 + €15 + ((1500-1032.73)*25%) = €154.32
So CRH would have to rise by almost 19% merely to pay the €187.05 in costs!?
Does anyone really make any money trading or are they just ignoring these costs?