Thinking of starting S and S ISA next April

kidmugsy

Cellar_Door wrote: »

I'm a bit stumped with this bit: (Government stamp duty is payable at 0.5% and investors pay the buying price on the stock market):eek:

It's an Investment Trust; the way you invest is that you buy shares, just as you would in any other company. So your share purchases pay the usual 0.5% stamp duty, and the price at which you buy the shares at is just the ordinary buying price on the market, set (as you know) by the balance of supply and demand for the shares at that moment. Put another way: Aberdeen A.M. don't guarantee your buying or selling price, any more than Volkswagen would guarantee the price at which you bought or sold second-hand cars. You pay or receive "the going rate". There's nothing there remotely eek-worthy.