If you buy stocks and shares for more than £1,000 you have to pay Stamp Duty. The amount of Stamp Duty you pay is based on the 'consideration' you give for the stocks or shares. The consideration can be: cash; other stocks and shares; debt, which is usually related to the loan stock. You pay Stamp Duty at the rate of 0.5 per cent of the value of the consideration, rounded up to the nearest £5, on each document to be stamped.
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