Stocks & Share ISA your shares are subject of Take Over and thus Forcibly Sold

Maynardkj

With Stock & Share ISA I take it that dividends are paid into that ISA, However If the shares you hold in your ISA say £20k worth are subject to a forced sell (such as a company or more likely Utility has been taken over).

Would the money received for the shares be paid into the ISA and would be treated as tax free?

As it is now cash as shares were forcibly sold what happens, does it have to go into a Cash ISA or something else?  

Because it was forcibly sold I wouldn't be able to keep the sell under the Capital gains limit due to all being sold at once. Would it be treated as Capital Gains and taxed as so?

gravel_2

Anything that happens inside an ISA is excluded from tax.

Beddie

Would the money received for the shares be paid into the ISA and would be treated as tax free?

Yes.

It would sit as cash in the same ISA until you decided what to do with it - withdraw, reinvest etc.

dunstonh

With Stock & Share ISA I take it that dividends are paid into that ISA,

If that is the option you choose, yes.  If not, then no.

Would the money received for the shares be paid into the ISA and would be treated as tax free?

It stays in the ISA unless you choose to draw it.

As it is now cash as shares were forcibly sold what happens, does it have to go into a Cash ISA or something else? 

Up to you.  You can either buy alternative investments or transfer it or draw it.

Because it was forcibly sold I wouldn't be able to keep the sell under the Capital gains limit due to all being sold at once. Would it be treated as Capital Gains and taxed as so?

Tax free ISAs are tax free.   That is their reason for existing.