Stocks & Shares and Trading Platform

sam1609

Hi,

Just after a little advise, are you able to move profit generated from stocks on a trading platform to a Stocks and Shares ISA tax free?

Any help would be appreciated.

Hoenir

Providing the net gain realised is under the annual Capital Gains Tax Allowance . Then the answer is yes.

Mark_d

Hoenir said:

Providing the net gain realised is under the annual Capital Gains Tax Allowance . Then the answer is yes.

Aren't Stocks & Shares ISA exempt from Capital Gains Tax?  I don't think there are any CGT issues when withdrawing anything from an S&S ISA

eskbanker

Mark_d said:

Hoenir said:

Providing the net gain realised is under the annual Capital Gains Tax Allowance . Then the answer is yes.

Aren't Stocks & Shares ISA exempt from Capital Gains Tax?  I don't think there are any CGT issues when withdrawing anything from an S&S ISA

OP was asking about moving money into a S&S ISA, implicitly from an unwrapped environment such as a general investment account where gains are taxable:

sam1609 said:

Just after a little advise, are you able to move profit generated from stocks on a trading platform to a Stocks and Shares ISA tax free?

Assuming OP means that this "profit generated from stocks" relates to capital value growth rather than dividend income, this scenario would require stocks to be sold in the GIA, and the proceeds moved into the ISA prior to repurchase (often labelled as Bed & ISA), so that sale would be subject to CGT liabilities in the usual way....