Buy Barclays shares in a ISA or normal? 17 October 2021 at 2:35PM in ISAs & tax-free savings 6 replies 141 views

Bobby_Bouche

I am looking to get some shares and have a stocks and shares isa for this tax year.
I am using trading 212 and I can but the shares normally or in a stocks and shares ISA.

In my stocks and shares isa i normally buy ETF's, but can i simply buy £1000 of Barclays shares in my stocks and shares allowance?

I notice on £1000 purchase there is a -£4.98 stamp duty fee if i buy in my stocks and shares isa?

eskbanker

What you describe as 'normal(ly)' would typically be referred to as a general investment account (GIA), i.e. one not benefitting from a tax wrapper such as ISA or SIPP.

Your choice about whether to buy the shares in your ISA or GIA, but the 0.5% stamp duty would apply equally to either....

masonic

Assuming you won't use your annual allowance on other investments., if you enjoy calculating capital gains and dividend income then buy outside the ISA, otherwise save yourself a headache.

Bobby_Bouche

eskbanker said:

What you describe as 'normal(ly)' would typically be referred to as a general investment account (GIA), i.e. one not benefitting from a tax wrapper such as ISA or SIPP.

Your choice about whether to buy the shares in your ISA or GIA, but the 0.5% stamp duty would apply equally to either....

Yes when I meant normally I meant in my Trading 212 investment account(non isa).

Bobby_Bouche

masonic said:

Assuming you won't use your annual allowance on other investments., if you enjoy calculating capital gains and dividend income then buy outside the ISA, otherwise save yourself a headache.

I thought if I buy say £1000 of Barclays shares via my stocks and shares ISA then there is no tax to pay and no headache?
Well i never

masonic

Bobby_Bouche said:

masonic said:

Assuming you won't use your annual allowance on other investments., if you enjoy calculating capital gains and dividend income then buy outside the ISA, otherwise save yourself a headache.

I thought if I buy say £1000 of Barclays shares via my stocks and shares ISA then there is no tax to pay and no headache?
Well i never

Perhaps you are unfamiliar with the word 'outside'. It is the opposite of 'via' in the context you have used it.

Bobby_Bouche

masonic said:

Bobby_Bouche said:

masonic said:

Assuming you won't use your annual allowance on other investments., if you enjoy calculating capital gains and dividend income then buy outside the ISA, otherwise save yourself a headache.

I thought if I buy say £1000 of Barclays shares via my stocks and shares ISA then there is no tax to pay and no headache?
Well i never

Perhaps you are unfamiliar with the word 'outside'. It is the opposite of 'via' in the context you have used it.

Thanks. I read the reply too fast. Got it. Thanks