Selling shares silly question

leahciM

I've made some pleasing investments in a number of individual shares but I'm wondering something about selling;

My broker charges £10 flat to sell shares.

Say I drip-feed into one stock. Let's call it stock A. I put £250 a month into stock A for three consecutive months.

When it comes to selling my holding in stock A, will this cost me £10 (because it's one stock) or £30 (because it's three separate purchases and therefore possibly seen as three separate entities?)

Now, I'm sure the answer is that it'll cost me a tenner, otherwise why would anyone ever drip-feed? but i'd just like some confirmation because being certain is king.

Thanks in advance.

Lokolo

It costs per transaction

Transaction 1: Buy 1000 shares - costs £10
Transaction 2: Buy 1500 shares - costs £10
Transaction 3: Sell 2500 shares - costs £10

leahciM

Thought as much, thanks Lokolo

AndyGuil

It is £10 to buy or sell a stock of any amount. When you buy stock in a single company it accumulates and you can sell it as one transaction if wanted.

ziggy25_2

Hi,

Do you have to pay stamp duty when you sell and buy shares? or is it just when you buy?

Thanks

Ifts

ziggy25 wrote: »

Do you have to pay stamp duty when you sell and buy shares? or is it just when you buy?

You pay stamp duty only when you buy shares. 0.5% payable on the purchase of UK shares. Other rates may apply to shares listed outside the UK.

More info here: http://www.direct.gov.uk/en/MoneyTaxAndBenefits/Taxes/TaxOnSavingsAndInvestments/DG_10013514

Harlech_in_exile

Just when you buy Ziggy25.

property.advert

If you bought 1000 shares in the same company 3 times and sold those 3000 shares in one company, you would pay once. However, if the cash investments bought 100 shares in 30 companies, it would cost 30 fees to exit back to cash.

ziggy25_2

Thanks for the clarification