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'Bed and ISA' and CGT

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Hi All,

A quick and easy question (I hope) :-
I've got some shares to sell in an American company, more than my Capital Gains for this year. Is it legitimate to transfer £15k or these shares straight into a Stocks and Shares ISA by using the :beer:'Bed and ISA' method, and then to sell a day later without incurring any Capital Gains Tax?

Many thanks

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 20,768 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Afraid it does not work like that, the shares can't be transfered into an ISA they have to be sold then repurchased within the ISA, so unless you need the cash urgently split the share sale over more than one financial year to take full advantage of your allowances.
  • Darn it, thought as much! Thanks for the advice
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