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Duplicate Junior Stock and Shares Isas
Comments
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sounds like the same issue as with this case:
Duplicate CTF/JISASuspect the second JISA will be invalid and the JISA provider will twig when you try to consolidate them.
alternative is you don’t try to consolidate them and then the issue gets noticed when the account holder turns 18 and they become adult ISAs.
Either way, if you are able to solve the problem now without incurring CGT (as the taxable gain falls within annual limit), then that seems sensible.
the void ISA will likely be turned into a general investment account and the latent gain will be taxable on disposal, but if under annual limit it’s no-harm-no-foul. Then reinvest the disposal proceeds in the JISA as part of current year £9k allowance.
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