Hi,
Is it possible to move my holdings from my āInvestā account to the āISAā account?
I started creating my portfolio in the āInvestā section but realised I donāt have to worry about taxes if I do it through an ISA.
Thanks
Sorry - Iāll add my question under yours, as itās kind of the sameā¦
I would like to know the same, plus - letās say if there has already been a transaction in the āinvestā account with some profit, but I transfer the funds to the ISA after that, do I still need to pay tax because the profit was made within the āinvestā account, not the ISA?
@askeyt It is not possible to transfer your holdings directly. First, you need to sell your shares, then using the āMove fundsā option you can transfer the funds to your ISA.
@kvigulis Yes, you will still need to pay taxes on the capital gained while using the Invest account.
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Thanks George.
Is there a specific reason we canāt do this?
taxes.
all transactions in the Invest section are taxable while the ISA is tax exempt. Since you have to pay the taxes associated with taking profits you cannot just move the shares you hold into a tax free wrapper, you instead have to close all your positions, move the funds and reopen positions in the ISA directly.
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Is the ISA account the CFD option instead of the Invest one?
What else is different between these two options?
ISA is the ISA option only viewable when using the platform set to real money. The ISA option is limited to depositing Ā£20000 every tax year, not sure if they restrict it to people in certain countries or not. The benefits are that no taxes are paid when you profit from your positions or withdraw, you may only have to pay taxes on the dividends from foreign companies.
CFD is trading which is very different but as I donāt trade CFD, I canāt tell you anything about how itās different.
My Invest account is set up to Germany, I donāt see any ISA thing at all, I suppose itās an UK thing.
cheers.
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@laguiar You are right, the ISA is a UK specific account and is available for UK Residents only.
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Hi,
Is there any way of transferring the shares on my invest account onto my ISA account? Or do I have to sell and rebuy? Was scared to open and ISA at the start in case it caused any implications but not I realise it would be fine.
Thanks
You need to sell your shares and repurchase them in the ISA.
As mentioned in other threads on this topic, this is because of tax implications when moving funds into an ISA account.
You can do this through the Manage Funds Tab in the Menu so it is unnecessary to withdraw any funds and re-deposit.
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Hi T212 team,
Thank you for the great product, I enjoy using it. The title is my question really. I have some residual shares in my invest account. I realise I could sell them, then transfer the cash and rebuy, but that would involve losing a margin. Is there a way for the shares to be transferred?
Many thanks in advance for your advices.
As seen before you must sell your shares and repurchase them, unfortunately. Is a shame as Iāve lost a little money doing so, but it wont matter much in the long term.
Just sell and buy one or two at a time, minimum Ā£10 to transfer money between accounts. Also add a little bit of extra cash into your ISA due to the 5% rule, or else it wont let you purchase the full amount of shares again. The faster you can do this the better.
You could also place limits for full shares so that it will sell above a certain price and buy below a certain price. This way youāll need to deposit the money to buy the shares in the ISA, and youāll receive this money again when the sell order goes through. But if you have the cash, putting the buy and sell order on at the same time at the same price you wonāt lose money, and may actually make money. On less liquid stocks, maybe youāll just be buying the share off yourself lol 
All the best anyway!
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Thank you for replying and confirming. Iāll set some buy and sell orders since Iām keeping a little cash at hand during this time. I suppose part of my reluctance is that some of my shares have an ex-dividend date this week, so Iām going to have to hold them until thatās paid.
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It will be useful to see how much money one deposited in his ISA account, just to make sure we stop at Ā£20k per year, otherwise we will be in violation of brittish law no ?
Currently I can see total Account Value, but that includes capital gains also.
Thank you
Above portfolio overview there is section where you can see isa utilisation for current year
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Is it possible to move my holdings from the invest account to my ISA? Is it possible to happen without selling them?
No. HMRC requires that you sell your investments for cash and then move the cash. This is to ensure capital gains tax can be correctly charged on the taxable gains.
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Cool! Makes sense! Will sell them and move them now.
Do you have any plans for this? Would be great to get everything over to my isa.
Thanks