How Do I Transfer My Shares To CommSec?

Can you transfer stocks from one platform to another?

You can transfer an entire brokerage account or particular securities from one brokerage to another.

It’s often better for tax purposes to transfer stocks from one brokerage to another rather than selling them and repurchasing them at a new brokerage..

Can I have 2 demat accounts?

There are pros and cons in each broker and in case you want more, well you can go ahead and open two demat/trading accounts. … At the same time, you cannot have two Demat accounts with the same stockbroker. You are allowed to open multiple demat accounts with different stockbrokers.

Does Vanguard reimburse transfer fees?

Vanguard does not access account closing fees, no waiver needed. Vanguard won’t reimburse closing fees another firm charges. I think waiver means Fidelity will reimburse other firms account closing fees when transferring in. Always best to talk to them first.

Which trading account is best?

Best Demat Account in India – List of Best Demat Account OnlineRankBrokerRatings1Zerodha8.60/102Angel Broking8.30/103Sharekhan8.18/104Edelweiss8.14/106 more rows•Jan 10, 2020

When you gift Stock What is the cost basis?

The cost basis of stock you received as a gift (“gifted stock”) is determined by the giver’s original cost basis and the fair market value (FMV) of the stock at the time you received the gift. If the FMV when you received the gift was more the original cost basis, use the original cost basis when you sell.

How can I transfer my shares to another demat account?

In manual transfer of shares, the transfer may be Intra-Depository Transfer or an Off-Market Transfer. For either to transfer, the account holder must have Debit Instruction Slip (DIS Booklet) provided by their Depository Participant (DP). 1. Note that the shares need to be transferred along with their ISIN number.

Can I transfer shares to my wife?

You’re absolutely spot-on in thinking that a transfer of the shares to your wife would do the job. Gifts between spouses and civil partners are normally free of any capital gains tax. … While you can transfer shares into a tax-free account, such as an Isa or pension, your wife cannot do the same with gifted shares.

Can I buy the same stock from different brokers?

In the US, you can have as many brokerage accounts as you like and you can buy as much stock as you want, subject to 5% limit of the outstanding shares.

Which is best site for share trading?

Best websites for Indian Stock Market InvestorsMoneycontrol – … Economic Times – … Livemint – … Investing – … Screener – … BSE India – … MarketMojo – … Equity Master – items…•

What do you do with shares after death?

After the death of the sole shareholder is registered, if the beneficiaries wish to have the shares transferred, executor(s) are required to sign and complete a stock transfer form(s). Please return the completed stock transfer form(s) together with the original share certificate(s) for registration.

How do I transfer stock to a family member?

If you decide to transfer your shares to someone else, you’ll have to perform a stock transfer using a stock transfer form. You can obtain the form by visiting the website of the stock registry agent or contacting the agent by phone.

Can you still Bed and Breakfast shares?

Because of this rule, traditional “bed and breakfasting” is no longer possible in its simplest form. A trader must now wait 30 days before buying shares back, which is fine for capital gains tax planning purposes. However, this does not always appeal to those who wish to stay in the market.

How do you transfer stocks?

The owner must endorse the stock by signing it in the presence of a guarantor, which can be their bank or broker. There may also be a form on the back of the certificate, which relates to the transferring of ownership. After the certificate is complete, it will be rendered non-negotiable and becomes transferable.

Which is better Zerodha or karvy?

The brokerage of Zerodha Max Rs 20 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Zerodha is a Discount Broker where Karvy is a Full Service Broker. Zerodha is having overall higher rating compare to Karvy. Zerodha is rated 4.5 out of 5 where Karvy is rated only 4 out of 5.