In the line of Duty

Investors with UK equities in their portfolio will often wince in pain as their eyes reach the bottom of their contract note and the entry for Stamp Duty Reserve Tax (SDRT).

This tax inflates the cost of buying a security by 0.5% of the contract's value, an imposition which often doubles dealing costs.

The lack of SDRT for contracts for difference (CFD) on the price of UK equities has been a key advantage of the booming CFD market, once the domain of institutional dealers and City of London pro

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