On April 26, I wrote about the clarification that I did with SCB online trading that from Apr 1st 2014,
investors seeking to invest in LSE traded exchange traded funds (ETF) should not be charged with a 0.5% stamp duty.
I attempt to carry out the transaction and was disappointed to see that the Stamp Duty was still in effect.
It turns out that a reader MoMo have probed and garnered more information than me:
It would seem that ETFs on LSE with ISIN starting with GB and IE
are exempted from stamp duty.
The fees shown when placing order is only indicative. To look at the actual cost,
you have to look at the contract note.
The two Vanguard FTSE All World ETF, one in GBP (
VWRL) and USD (
VWRD) are listed here as having ISIN code:
IE00B3RBWM25 and
IE00B3RBWM25 respectively. Which qualifies them ......