Transfer private shares into ISA?

JGal

Is it possible to transfer shares held in a small ltd company that is not listed on an exchange into an ISA, so as not to pay tax on dividends?

cheerfulcat

No, shares in unlisted companies are not allowed in an ISA.

jamesd

How about shares in a company listed only in the US? I happen to have options on shares in a company planning a tech IPO in the US sometime reasonably soon.

cheerfulcat

International shares are fine as long as they are listed on a recognised stock exchange ( list ). But you need a broker who will deal in them; some will only allow UK listed shares.

ReportInvestor

You can't transfer any shares into an ISA.

You have to sell them first, invest cash, then purchase shares.

gt94sss2

ReportInvestor wrote:

You can't transfer any shares into an ISA.

You have to sell them first, invest cash, then purchase shares.

Unless they are obtained as part of an Inland Revenue approved:

1. a savings-related share option scheme
2. an employee profit-sharing scheme
3. an employee share ownership plan.

and moved into the ISA within 90 days..

Regards
Sunil