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Reinvesting gains from Stocks ISA
aufladen
Posts: 2 Newbie
Hi All,
Not sure if this has been answered before, but I am new to the ISA scene - hope someone can help!
I have recently invested £5,000 into a Stocks & Shares ISA, and selected my own ordinary shares to invest into.
My question is this:
Let's take a theoretical (great!) scenario, and say that my investment goes up to a value of £10,000 over a period of time, and I then sell that stock, keeping the money within the ISA account. Obviously the capital gains are not taxed, but am I then free to invest that same £10K into more shares within the same ISA, at any time?
I know I can add another £7,200 per year *into* the ISA, but my question relates to the amount of money potentially building up through successful investment within the ISA. Can I keep selling stocks and re-investing the money within the ISA 'wrapper', all of which is tax-free and without a requirement to notify HM Customs & Revenue?
Hope you get the idea of what I'm talking about!
Many thanks.
Not sure if this has been answered before, but I am new to the ISA scene - hope someone can help!
I have recently invested £5,000 into a Stocks & Shares ISA, and selected my own ordinary shares to invest into.
My question is this:
Let's take a theoretical (great!) scenario, and say that my investment goes up to a value of £10,000 over a period of time, and I then sell that stock, keeping the money within the ISA account. Obviously the capital gains are not taxed, but am I then free to invest that same £10K into more shares within the same ISA, at any time?
I know I can add another £7,200 per year *into* the ISA, but my question relates to the amount of money potentially building up through successful investment within the ISA. Can I keep selling stocks and re-investing the money within the ISA 'wrapper', all of which is tax-free and without a requirement to notify HM Customs & Revenue?
Hope you get the idea of what I'm talking about!
Many thanks.
0
Comments
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Once your money's in the ISA, it can build up as much as you like with no tax liability at all.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
OK, thanks, so I'm free to sell stocks and buy other stocks with the proceeds as and when I wish?0
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Yes, you are. You don't need to tell anyone what happens inside your ISA!0
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Hi,
Aside from the ISA allowance hikes from 7.2k to 10.2k is this still current?
Thanks0 -
Yes. But it's £10,680 now.Aside from the ISA allowance hikes from 7.2k to 10.2k is this still current?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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