Share dealing

GeoThermal

Not sure what forum to put this in.

What is the cheapest way to sell a small amount of shares. ie less than £100 worth?

Rhino666

Some share registrars offer special deals for certain shares - worth checking out first.

Failing that, Hoodless Brennan - selling will cost you £7 online but you will need to send the certificate in to them first. The shareholding has to be held on a nominee account before it can be sold so cheaply.

gt94sss2

GeoThermal wrote: »

What is the cheapest way to sell a small amount of shares. ie less than £100 worth?

Hoodless Brennan offer the 1st month of trades commission free - which will be the cheapest method.

Alternatively, for share amounts under £250 you can also sell online for £5 via Halifax Share Dealing service.

Regards
Sunil

barak

GeoThermal wrote: »

What is the cheapest way to sell a small amount of shares. ie less than £100 worth?

Sell them to friend - which will cost you nothing and your friend will only have to pay 0.5% Stamp Duty (I think subject to a minimum).

All you need is a transfer form (downloadable) which must be sent to the Stamp Office to be taxed and then sent to the company's registrar with the share certificate.

For more info see http://www.hmrc.gov.uk/so/sd-howtopay.htm

cheerfulcat

GeoThermal wrote: »

What is the cheapest way to sell a small amount of shares. ie less than £100 worth?

It's not the cheapest broker, but if you open a Selftrade account through a "friend" ( look on the referrers board ) you'll get a £50 bonus, and some referrers will give you a portion of their bonus as well.