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ISA allowance and capital gains tax allowance

kaworboys
kaworboys Posts: 1 Newbie
in Savings & investments
Thinking of opening a stocks and shares ISA, but have already sold some shares this tax year, using up some capital gains allowance. Is the ISA allowance separate from the capital gains allowance? Or are profits in stocks and shares ISAs not treated as capital gains?

Comments

  • browniej
    browniej Posts: 256 Forumite
    Part of the Furniture
    kaworboys wrote: »
    Is the ISA allowance separate from the capital gains allowance?

    Totally separate.
    Or are profits in stocks and shares ISAs not treated as capital gains?

    S&S ISAs are not subject to CGT nor any extra income tax on dividends for higher rate taxpayers.
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