Ask Colin

Is there GST and Stamp Duty on shares and when does this apply. Is it the same statutory charges in the futures market as well could you tell these prices please?

There is no GST on share transactions. However there is on the brokerage that is levied by your broker. GST is always 10%. Stamp Duty on shares has been abolished in NSW from 1.7.01.

I am not sure of the exact position with futures as I do not trade them. Call any broker and they will be able to tell you.