Moving holding from "Invest" to "ISA"?

šŸ¤ Help
23

Youā€™ll never be able to do this as a transfer, you could do a Bed and ISA theoretically at some point but any taxes due would still need to be paid.

24

Hello,
I am sure this probably has been requested before but a facility where we can transfer shares/etfs from Invest to ISA would be greatly appreciated.

25

You can transfer cash easily using the move funds option. Itā€™s not allowed to transfer securities from non tax-sheltered to a tax-sheltered account as it will be close to impossible to track capital gains.

26

Hi George,

I forgot to mention. Yes it was for transferring securities.

27

Out of curiosity, will there be a bed and ISA option for those wanting T212 to automatically sell and re-buy the same inside the ISA?

Obviously thereā€™s still a small hit between the bid and ask on each one, Iā€™m just think from an efficiency pov.

@Matsuyama At the moment with the markets going shit itā€™s probably better turning all your stocks/ETFs to cash and waiting a couple of weeks and rebuying the same but getting more shares for your money. :sweat_smile: (Not financial advice :joy:)

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28

Also, as I imagine you are a British investor @phildawson I thought Iā€™d remind you of the 0.5% taxā€¦
I believe it only applies on LSE stocks though (without including AIM) - Please correct me if I am wrong :slight_smile:.

29

Yes anything that had stamp duty youā€™ll be paying it again on buying again.

Also you could be liable for CGT if you made significant profit.

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30

is it possible to stocks transfer from an isa to an invest account instead?

31

It canā€™t be donā€™t for legal reasons ?

32

Looks like it is possible legally.

Tax and Employee Share Schemes: Transferring your shares to an ISA - GOV.UK.

33

Yes. But this is in very special circumstances and would not cover a transfer from an Invest account to ISA.

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34

Looks like bed and ISA is the only option

Sell transfer and repurchase

35

Iā€™ve had a look to see if this has already been asked but could not find an answer, Is it possible to transfer a stock that you have bought from you invest account to your ISA account. I know the answer is probably no but worth the ask.

36

No not possible unfortunately. But you can transfer the cash if you didnā€™t know this already, just a few taps of a button :blush:

37

That is unfortunate. Yes I am aware:)

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38

Apologies if this has been covered before, as I couldnā€™t find any thread.

Is there any way to transfer stocks from Invest account to ISA account?

39

Nope just sell and buy basically

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40

No the ISA is a tax wrapper so you canā€™t transfer stocks in.

Some brokers offer Bed&ISA but all that does is sell and rebuy the same inside the ISA on your behalf. T212 doesnā€™t offer that service so its up to you to sell and rebuy yourself. Obviously youā€™ll lose a small amount on the spread.

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41

Thank you @CavanHaganInvesting and @phildawson.

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42

Is there any plans to be able to move stocks across from an Invest account to the ISA account directly, without having to sell and rebuy?

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