shares--isa----no isa?

black_taxi_2

with halifax share builder--i can buy shares---£250 a month

total yearly cost---£18(not in isa--liable to tax)

buy shares in an isa--£250 a month

total yearly cost(£160--no tax)

but if im allowed £9600 capital gains tax

isnt it better to be out of isa protection?

thx

dunstonh

With small amounts like that, yes. However, if you are going to do it long term then you will have CGT to worry about and it can get messy having to work out your net gains and keep track of purchases and disposals.

Even though you are below the CGT threshold, you must still keep a record of disposals and purchases outside of an ISA.

Farway

There is also the problem with non ISA of the unexpected takeover or whatever, happend to me with my Alliance & Leicester [were free to me, now have CGT liability] my Scottish & Newcastle were howeve inside an ISA, or split of shares, luckily my United Utilities are inside ISA, so no problems with accounting