Let us assume I am a UK resident with a UK-based trading account, considering to buy Ireland domiciled ETF shares, such as VWRL.
I am confused whether I will have to pay Irish Stamp Duty of 1% or not.
The stockbrokers list 1% Irish Stamp Duty in their costs section:
However, other sources on the Internet indicate otherwise:
- http://monevator.com/vanguard-etfs-uk/ - "They’re Irish domiciled, so you skip stamp duty."
- http://www.fool.co.uk/news/investing/2012/05/16/buying-the-ftse-just-got-cheaper.aspx - "HL should not be charging stamp duty on any Irish-domiciled ETF. That doesn't mean they won't try, only that you should complain if they do." and "i bouhgt the ishares via HL, and no stamp duty was paid" [sic]
Who is right?