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ISA Trading Account
Roger2D
Posts: 1 Newbie
Hi, I'm new to buying shares and to this site. I usually invest in funds within an ISA but would now like to buy shares. If I buy shares and their value increases, will I be taxed on the capital growth or is it just any premiums that are texed ? Reason for asking is because I don't know whether to open a standard trading account or an ISA trading account with associated fees.
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Comments
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Within an ISA your funds/shares are exempt from tax on capital growth but you will still have to pay 10% income tax on any dividends paid out by the shares or funds (taken care of at the source, so you don't actually need to think about doing it or anything!).I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0
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