London stock exchange

[thor666]

Hi all,

I noted quite a fair bit of interest in HK stocks on this forum as the transaction charges are low and no withholding tax on dividends.

Wondering, is anyone looking at London stock exchange? I stumbled on LSE as reading on an idea to get vanguard etf there, was wondering if it's worth a look. So far i understood there is inheritance tax for 300k pounds and above but I think not a big issue as I am not looking to invest that high an amount (I don't have that much anyway).

The LSE has some bigwigs like Glencore, BHP and it may be interesting to diversify beyond SG.


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[thor666]

Reviving an old thread.

I have allocated my target funds for this half year on sgx stocks. Plan for next half year to to research and diversify into LSE. Reason being that LSE has low taxation rate and suitable for long term investment. Also includes a sizable number of quality companies imo.

As for recording purposes, the tax that I am aware of since 31/12/2014 are as below:
UK exchange fee
•Stamp Duty of 0.50% (Buy trades; GB ISIN shares only)
•Stamp Duty of 1.00% (Buy trades; IE ISIN shares only)
•Levy of 1 GBP for any transaction > GBP 10,000 (Buy & Sell trades)
•inheritance tax doe 300k pounds
(Plan to purchase via Standchart brokering account)

Stocks that I am looking at:
VWRD ETF (vanguard world, USD denominated)
AstraZeneca, GSK, smith & nephew, hikma pharmaceutical
DS smith, mondi,
Vodafone
LLoyds, old mutual, Aberdeen, banco Santander, legal & General, Barclays
Rolls-Royce
National grid
Unilever
Avon rubber, bae systems

Will start threads on above as an when I have enough information.

Good reference: www.fool.co.uk

Any comments, advice and information greatly appreciated!


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[thor666]

Also looking at c&c group, aviva and wpp group.

Rolls-royce, vodafone and barclays are out after preliminary screening.

(new post due to forum restrictions)

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[guru]

Any VBs know of withholding tax on dividends? Are LSE shares also on one-tier like Singapore?

Thanks!

[soros]

It seems there is no withholding tax. But the UK broker should be able to confirm or you can ask the target company direct.

http://www.nomorewaffles.com/2014/12/how...our-yield/

[BlackCat]

I hold Rolls Royce ADRs.  No withholding tax on dividends, and a lot cheaper than buying directly on LSE.

If your company is not a UK company, you may still pay withholding tax even if it is listed on LSE.  I had this with an Irish company.