New funds into an ISA has to be GBP cash only so you need to sell and realise any CGT.
We are essentially talking Bed&ISA if you want to google it - few brokers automatically support this and it’s a manual process for the user on 212.
@joe_best17 try to ignore the back and forth above if you can, most of it is orthogonal to your question. Gist of it StockHog100’s is especially irrelevant in any sensible bookkeeping, and Scrooge_McCodf is mostly right.
Coming back to your question, there is no way to transfer investments from a non-isa account to ISA. This fact does not change from provider to provider. You will have to:
- sell in invest account
- transfer monies to ISA
- buy back in ISA
I highly recommend doing this ASAP since we are 3 weeks away, from new financial year, and there is a limit of how much you deposit into an ISA in any given FY (£20000)
Since you have zero profits, you won’t incur any extra taxes, but yes unfortunately you’ll loose some money (not 1500..) due to back and forth FX conversion. But this fee will be insignificant compared to taxes you may pay in an invest account in the future.
You won’t be able to transfer all 30K since the annual allowance is 20K but, you can transfer 20K now and transfer the remaining 10K in the new financial year (April 6th)
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