charttrader
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Charttrader
What is situation with IB regarding stamp duty
1) DO they deduct 1% for traders in Ireland ,or do you have to declare yourself in tax returns
2) Does this apply to all trades even daytrades?
3) Are they correct that in Ireland etf have same stamp duty as equities
Regards
Patt
Patt
You only pay stamp duty on stocks on Irish stock exchange and IB does not offer ISEQ trading. Irish traders with US trading accounts (IB, etrade, whoever) do not have to pay any stamp duty. UK and many European exchanges have SD charges, albeit smaller than Ireland's. If you did daytrade an ISEQ stock, you would have to cough up the 1% (unless you're spread betting/cfd trading).
Regarding etfs, I know that the ISEQ 20 does not attract any SD.