Transfer Existing Shares to ISA

[pioneer]

The initial message was deleted from this topic on 23 August 2013 at 21:53

[fid]

You have to sell and re-purchase.

[cailean]

+1

[southpaw]

pioneer said:

(don't want to do this because of the dealing costs and it may trigger capital gains tax depending on the price when I do this).

I think, and I admit I may be wrong here, that there is no CGT payable if you sold and then repurchased the same shares within 30 days? Can anyone confirm?

[cailean]

Don't think so, but not 100% sure.

If you sell the shares don't forget you will have your CG annual allowance of about £10k to use before paying tax.

[amir_j]

If the worse case scenario is no then remember

1) each of you has a 10k allowance
2) 'gifts' to one another are not taxable (subject to standard criteria check)

so use these two facts to your advantage to minimise any obligations.

[bogie]

you can sell and repurchase in ISA - Ive done that before, except its possible you get caught out if dont time it right

you can get transfers done - usually download a transfer in form from your ISA provider, however when I tried to do it last time, the fee per share and the time they took to do it, wasnt so good, so I did the rest manually as ISA allowances allow i.e. sell and buy in ISA within 30 days