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Late Father's ISA - 3 year Rule While Still In Administration + Reasons For Partial Share Disposal

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  • Keep_pedalling
    Keep_pedalling Posts: 20,863 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Anything left in the ISA account will be free from taxation for those 3 years, Alternatively if you closed the account and transferred the all the cash to yourself as the sole beneficiary it would no longer be an asset of the estate so would not cause any additional burden in tax reporting for the estate, but it would add to your personal taxation.

    If the ISA provider are happy to pay out partially then fine leave the remainder in there but leave it in as cash if you can, in this volatile world you could easily see a massive fall in value with another financial crisis, even a total loss on some individual shares. 
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