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  1. #1
    Junior Member
    Join Date
    Jun 2016
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    8

    Default UK certificated shares

    Hi,
    I've searched and I can't find any previous postings. But if I've missed one I apologise.
    I have several very very small certificated holdings of UK shares. Only a few hundred ££££
    Every year at tax time I'm driven totally nuts dealing with them.
    I've tried over and over again to find a share trading service in the UK that will deal with me as a NZ resident. But I have failed.
    I have always assumed it would cost a small mortgage to sell these in NZ. Does anyone know who would be the cheapest broker in NZ to sell?
    FYI, I buy NZ shares through ASB. But it's my UK certificated shares I need to deal with. The amount of work I have to do to administer these shares is stupid.
    I don't want to donate them to charity.
    HELP!
    Thanks
    Interested_Party

  2. #2
    Member
    Join Date
    Jul 2001
    Location
    auckland, , New Zealand.
    Posts
    49

    Default

    Hi I Maybe interested in buying them.Send me a P.M.

  3. #3
    Member Crow's Avatar
    Join Date
    May 2013
    Posts
    134

    Default

    Not 100% but try http://www.selftrade.co.uk

  4. #4
    Member
    Join Date
    Mar 2017
    Posts
    32

    Default

    I think you can sell them via asbsecurities. Just send them the certificate. If you don't have the certificate then you have to pay the share registry for a replacement one.
    Good luck.

  5. #5
    Banned
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    Nov 2016
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    173

    Default

    I have sold certificated UK shares through ANZ Securities in the past, including small lots. Brokerage is high though.
    Last edited by SilverBack; 16-05-2017 at 04:02 AM.

  6. #6
    Senior Member hardt's Avatar
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    Apr 2017
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    In a bubble
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    726

    Default

    Quote Originally Posted by SilverBack View Post
    I have sold certificated UK shares through ANZ Securities in the past, including small lots. Brokerage is high though.
    Don't ANZ charge a monthly fee as well?

    I used to use ANZ for LSE/NASDAQ, have since moved to Halifax for overseas holdings - far cheaper with a much more in depth platform.

  7. #7
    Junior Member
    Join Date
    Sep 2014
    Posts
    10

    Default

    Why are you having trouble at tax time? Sounds like you would be under the $50k FIF threshold?

  8. #8
    Guru
    Join Date
    Feb 2005
    Location
    Auckland, , New Zealand.
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    3,243

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    Quote Originally Posted by Joshwnz View Post
    Why are you having trouble at tax time? Sounds like you would be under the $50k FIF threshold?
    You still have to declare any income the holdings make.

  9. #9
    Banned
    Join Date
    Nov 2016
    Posts
    173

    Default

    Quote Originally Posted by hardt View Post
    Don't ANZ charge a monthly fee as well?

    I used to use ANZ for LSE/NASDAQ, have since moved to Halifax for overseas holdings - far cheaper with a much more in depth platform.

    You will only be charged a monthly if you use their custodial service. Ditto for ASB Securities. In my case, I held the certificates and so had to send them in to the broker. This avoids fees but does prevent a quick sale. We are only talking sells here. I had the certificates from earlier UK dealings before all the money laundering rules came in that blocked me dealing direct with UK brokers. I was registered with SelfTrade but they cancelled my account when they abandoned all existing overseas customers. This was some time ago and so perhaps they have changed their policy since then. If so, then I would expect a slow and difficult process to open an account and you will probably need a UK bank acccount as well.

  10. #10
    Banned
    Join Date
    Nov 2016
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    173

    Default

    I have made enquiries with Halifax where I opened an account last year about selling UK certificated holdings that I have in hand and it was not something they normally do but said they would look into it if I wanted to do so (which I have not done).

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