Glossary entry (derived from question below)
Portuguese term or phrase:
Imposto de Selo sobre Comissão
English translation:
stamp duty on commission
- The asker opted for community grading. The question was closed on 2013-08-03 14:55:23 based on peer agreement (or, if there were too few peer comments, asker preference.)
Jul 30, 2013 19:55
10 yrs ago
25 viewers *
Portuguese term
Imposto de Selo sobre Comissão
Portuguese to English
Bus/Financial
Finance (general)
Bank Statement
Bank Statement
Proposed translations
(English)
4 +3 | stamp duty on commission | Maria Teresa Borges de Almeida |
2 | Stamp duty on Committee | Denise Leitao |
Proposed translations
+3
8 mins
Selected
stamp duty on commission
Suggestion...
Stamp duty on commission?
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In the past I have only been charged stamp duty on the value of a purchase of shares. Recently I bought some shares through HSBC and they have charged stamp duty on the value plus their commission. I wrote to them concerning this and they replied as follows:
"I can confirm that there are two ways for trading within HSBC
StockBroker Services. They are trading as principal and trading
as an agent.
HSBC StockBroker Services trades as a principal which means that
we trade through our own brokers with the stock market and we do
not use any agents who are not registered as part of HSBC so we
will charge stamp duty on the value of the purchase plus the
commission.
Other stockbrokers may trade as an agent so they use someone who
is already established in the market to place trades for their
customers who will pay stamp duty on the value of the trade only."
I find this a bit odd. Is what they say actually correct? Why should I pay stamp duty on their commission? I don't pay stamp duty on estate agent's fees when I buy a house! Any further clarification would be helpful.
http://www.trade2win.com/boards/stocks/22192-stamp-duty-comm...
Stamp duty on commission?
--------------------------------------------------------------------------------
In the past I have only been charged stamp duty on the value of a purchase of shares. Recently I bought some shares through HSBC and they have charged stamp duty on the value plus their commission. I wrote to them concerning this and they replied as follows:
"I can confirm that there are two ways for trading within HSBC
StockBroker Services. They are trading as principal and trading
as an agent.
HSBC StockBroker Services trades as a principal which means that
we trade through our own brokers with the stock market and we do
not use any agents who are not registered as part of HSBC so we
will charge stamp duty on the value of the purchase plus the
commission.
Other stockbrokers may trade as an agent so they use someone who
is already established in the market to place trades for their
customers who will pay stamp duty on the value of the trade only."
I find this a bit odd. Is what they say actually correct? Why should I pay stamp duty on their commission? I don't pay stamp duty on estate agent's fees when I buy a house! Any further clarification would be helpful.
http://www.trade2win.com/boards/stocks/22192-stamp-duty-comm...
Note from asker:
Thanks |
Peer comment(s):
agree |
Marlene Curtis
17 mins
|
Obrigada, Marlene!
|
|
agree |
Paulinho Fonseca
2 hrs
|
Obrigada, Paulinho!
|
|
agree |
David Hollywood
4 hrs
|
Obrigada, David!
|
4 KudoZ points awarded for this answer.
Comment: "thanks"
6 mins
Stamp duty on Committee
É uma sugestão apenas, eu não tenho certeza.
Reference:
http://michaelis.uol.com.br/moderno/ingles/index.php?lingua=portugues-ingles&palavra=selo
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