imate1

I'm just wondering how easy is it trading shares online on London market from Oz. My question is:

- Which Australian bank offers this service
- What is the tax implication.
- How do yo compare the Oz and London stock market.

Basically any Information would be appreciated. Thank you very much.

geordie downunder

I use commsec for US markets but do not know if they have a UK service,check it out,commsec into google.Hemscott .net should let you trade online if you have an account with them in the Uk.The oz market is small ,around 1.5% of market cap for the world,like the Uk index weighting means most money goes into a handful of shares,mainly financial stocks as they make up around 44% of the market by capitalisation and are in the MSCI world index for the US mutual funds to buy.Tax depends on which country you live in,all income must be declared to ATO and any tax paid o/seas is credited EG US 15% withholding tax for News Corp or other US shares.Commsec is commonwealth bank and can be linked directly to a mortgage equity account at home loan rates,margin rates from them are around 8% I think,settlement is T plus 3 o/night and B/pay can be used.Suncorp may have a UK trading desk try them,margin rates there are around 7.5%,good luck.

imate1

geordie downunder,

Thank you for the information, as you mentioned commsec and HSBC offers the service but do charge A$65 or A$99 per trade which very expensive. I think i'll leave active my UK account and trade from there which is cheap. Thank you again.