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Get Started in Shares by Glen Arnold

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After the deal

The next day you should receive a contract note in the post (or by email). This will state the price, the time of the deal, the number of shares, the broker’s commission and the charge of 0.5% of the value of your purchase in stamp duty (this is a form of taxation that applies to purchase only).

Check the details to make sure they match your expectations and file the note so you have a record (it will be useful when it comes to filling out tax returns). If you have a broking account linked to your bank account, then the broker will debit (credit) the account three business days after the transaction. If you have opted to receive share certificates then these will be sent to you by the registrar of the firm in which you now hold ...

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