Does ISA utilisation when you buy and sell shares?

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1

Apologies for the basic question, but it’s something I want to be sure about so I don’t mess myself up before the next tax year.

Say I’ve currently got 99% ISA utilisation (purchased £20,000 BP with £100 stamp duty); can I sell that and buy and sell shares at will without affecting ISA utilisation?

Thanks.

2

Yes. The ISA limit only applies to the cash you deposit into your account. You can buy and sell and make a million without it affecting your limit.

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3

Thanks a lot @TsotFin!