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Are you wondering how you can sell Woolworths shares? Is it any different from selling other shares in Australia? The short answer is no it isn’t any different, and that the process to sell Woolworths shares can be simple and straightforward.
Woolworths Group Limited shares (WOW) can be sold through a broker or online broking service who will trade your shares on the Australian Securities Exchange (ASX).
It doesn’t matter whether you already have a broker or not, or if this is the first time you have ever sold shares, you can sell Woolworths shares quickly and easily with an online broking service like Sell My Shares.
Broking services like ours are very affordable and make the process simple for you.
Before you do sell your Woolworth shares though there are a few things you may wish to consider.
It’s a good idea to check the current stock price for Woolworths shares so you have an understanding of the value of your shares.
Is it the right time for you to sell Woolworth shares? How much are you likely to get after paying the brokerage fee – this typically is made up of a minimum amount and a small percentage of the value of the shares.
Selling shares may also impact your tax obligations. The tax payable when you sell Woolworth shares will depend on how long you have owned your shares. Speaking to a trusted tax professional will give you insight into what tax rate you will attract.
Once you are ready to sell your shares the process itself is relatively simple.
For issuer-sponsored Woolworths shares the process can be managed entirely online.
You will need a copy of a holding statement or dividend statement for the Woolworths shares you hold. During the online submission process you will be asked to provide details that can be found on the above documents, such as holding numbers. You will also need to verify your identity, but this can also be done as part of our online submission process.
We will sell your Woolworth shares on the market as soon as possible. Once the trade has been executed you will receive details of the sale. Around two business days after the execution of the trade, the settlement of sale occurs, legally transferring ownership from you. Depending on which service you opted for, the proceeds of the sale can be transferred to you on the third day.
There are some situations such as jointly held shares, deceased estates, maiden names, private companies, and trusts, which may require additional documentation to sell Woolworths shares, but we are more than equipped to help you with this.
Contact Sell My Shares today on 1300 722 852 to sell Woolworths shares fast.