Foreign shares in ISA on death

rafa08

I have some foreign shares in my ISA. What happens to them when I die? Are they treated in the same way as UK shares in the ISA, or do I need to make special provision for them?

Brie

I've been looking at this from the other angle having just inherited some foreign shares elsewhere.  I've been told I can transfer them into my UK ISA as long as they are listed in a particular way on their relevant stock exchange.

The fact that they might be able to be transferred makes me think that if your foreign shares are already in your UK ISA then they would be treated the same as anything else in there.  The only thing that might be awkward is if whomever inherits them wants to transfer them somewhere else where they might not be listed.  

The solution (so far) that I have been offered is simply to sell my shares and transfer cash instead.  

So that's my take on it but frankly I'd suggest you contact whatever institution has your ISA and ask what they do.  It may be the bereavement team that you need to talk to as they will have more direct experience in dealing with this sort of thing.

wmb194

rafa08 said:

I have some foreign shares in my ISA. What happens to them when I die? Are they treated in the same way as UK shares in the ISA, or do I need to make special provision for them?

The only issue with foreign shares is that it might not be possible to transfer them to another broker.