RE: UK Stocks and ETFs - Watchlist and Discussion
(2019-12-15, 01:47 AM)Tryst Wrote: I've just started trading US stocks and the FX charges there are a bummer, but tbh there is no stamp duty so it balances out I guess. The UK stocks have been so flat for so long with false break outs. Its been very dull.
The question I have I guess is are US stocks in a UK stocks and shares ISA exempt from tax?
You normally have to sign a W8-BEN form in your account, which sorts out the US tax on any dividends you might get, and makes it 15% US withholding tax instead of 30%. And normally with most ISAs you won't be trading the physical US shares, but instead a proxy of them on LSE via a CREST Depository Interest (CDI), which only trades during the UK trading hours.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.