Learn to be a Financial Hunter - Not the Hunted
You Are Here: Home > Personal Finance > ISAs > FAQs - Question
Can investments held outside an ISA be

transferred to a Stocks & Shares ISA?

It is not possible to do this. Unfortunately the original shares have to be sold and then repurchased within the ISA account.

If the shares have increased in value since you bought them and the capital gain is more than the current Capital Gains Tax (CGT) allowance (around £10k) then tax will have to be paid.

Conversely if the shares are sold at a loss this loss can be offset against other capital gains you may have.

The best advice is to speak with your ISA provider and see what they recommend. They might for example offer a discount on commissions and fees for transferring the investments.

[an error occurred while processing this directive]

© 2019 LearnMoney.co.uk All rights reserved

The information on the LearnMoney.co.uk website has been compiled from sources believed to be reliable, but is not warranted to be accurate or complete.
All recommendations and comments are provided for general interest only and should not be construed as advice.
Professional advice should always be sought before buying or investing in any financial product.
The price of securities and any income from them can go down as well as up.
Past performance of a security or market is not necessarily indicative of future trends.
Any opinions and recommendations on LearnMoney.co.uk are given in good faith, but without legal responsibility and are subject to change without notice