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transferring non ISA held shares into new ISA
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DjangoUnchained
Posts: 530 Forumite
As i have maxed out my ISA allowance on a cash isa for the year 24/25 i started buying ETFs in a non ISA account using trading212. From april6 2026 i want to open a stocks and shares ISA using trading 212 using the ETFs ive already bought. Can i transfer these into the new ISA or do i have to sell them and re buy them in the ISA? im assuming there is no CGT as they are showing a small loss anyway.
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Can i transfer these into the new ISA or do i have to sell them and re buy them in the ISA?The transaction is known as bed & ISA (or bed & pension if you use the pension wrapper). It does require you to sell and rebuy.im assuming there is no CGT as they are showing a small loss anyway.The transaction is classed as a disposal for CGT purposes but as you say, no tax in that scenario.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1 -
does that mean i dont need to declare it?dunstonh said:Can i transfer these into the new ISA or do i have to sell them and re buy them in the ISA?The transaction is known as bed & ISA (or bed & pension if you use the pension wrapper). It does require you to sell and rebuy.im assuming there is no CGT as they are showing a small loss anyway.The transaction is classed as a disposal for CGT purposes but as you say, no tax in that scenario.0 -
Yes, unless you want to retain the option of carrying forward the loss to offset gains in future years:DjangoUnchained said:
does that mean i dont need to declare it?dunstonh said:im assuming there is no CGT as they are showing a small loss anyway.The transaction is classed as a disposal for CGT purposes but as you say, no tax in that scenario.
https://www.gov.uk/capital-gains-tax/reporting-and-paying-capital-gains-tax
https://www.gov.uk/capital-gains-tax/losses1
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