Buying shares on NYSE

7ewis

So it is slightly more difficult to buy foreign shares, and as long as they don't pay over £300 dividends, then I don't have to worry about it?

But if I just want to see how it works, I should buy some British shares off the FTSE or something instead? And I can do that through a bank.

FatherAbraham

7ewis wrote: »

So it is slightly more difficult to buy foreign shares, and as long as they don't pay over £300 dividends, then I don't have to worry about it?

No, if you have less than £300 per tax year in foreign dividends, then it doesn't oblige you to do self-assessment.

However, you do still need to tell HMRC about the foreign income, if UK tax is due on it (or if receiving it has pushed you into a higher tax bracket).

So, you do need to worry about it. You just don't necessarily need to do self assessment.

Warmest regards,
FA

sabretoothtigger

Is the IPO open to retail investors, if buying in market I do think it'll be a bit like FB.
You should really take up the RM IPO instead and/or buy shares in that later, they will pay something and its a business concept clearly seen every day where as twitter relys on global developments

richto

I use TDDirectInvesting for buying US shares - works fine for me.

Also for popular stocks like Twitter, there will likely be UK based "Global Depository Receipts" or GDRs that you can buy on the UK market just like shares, but which track Twitter as the underlying stock....

richto

FatherAbraham wrote: »

However, you do still need to tell HMRC about the foreign income, if UK tax is due on it

If it's inside of an ISA or SIPP then you don't ever need to worry as UK tax is not due...

sabretoothtigger

richto wrote: »

Also for popular stocks like Twitter, there will likely be UK based "Global Depository Receipts" or GDRs that you can buy on the UK market just like shares, but which track Twitter as the underlying stock....

CDI HL call them I think, crest deposit ? usa stock held in sterling

mhuk01

I use the broker tradeking.com

It helps that I am paid in USD for my job, but the commission is $4.95 a trade which is great value.

robtgossard

Even I’m keen to buy Twitter shares once it goes public. I have a feeling that Twitter will not repeat the Facebook IPO mistakes and would turn out to be quite successful. By the way, very resourceful information shared throughout the discussion. Thanks everyone