We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Late Father's ISA - 3 year Rule While Still In Administration + Reasons For Partial Share Disposal
Options
Comments
-
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.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards