several questions about B&B rule and ISA

Hi everyone.

Thanks to myself getting into these problems :weary:

  1. I bought and sold shares of the same stock in 2 different trading platform within 30 days. Should I calculate the gain and loss with combining all trade records from 2 platforms?

  2. I bought shares and sold them all 2 days later in a general investment account. After 1 week, I bought and sold the same shares in S&S ISA. Does the B&B rule apply in this case?

  3. I deposit GBP 20000 into my S&S ISA last tax year and have gain of GBP 10000 by selling shares which I know this is tax-free. How about if I invest GBP 30000, do I have to pay tax since GBP 10000 is derived from the deposit?

Thank you! :smiling_face_with_tear:

You get 20,000 allowance for deposits each year. Any gain from those deposits, providing they stay held in the account do not matter, you’re free to deposit 20,000 again.

Hi Scrooge. Thank you for your reply. :slightly_smiling_face:
I am sorry it is my problem not stating the questions clear :bowing_woman:
If I reinvest GBP 20000(deposit)+ 10000(gain)=GBP 30000 in the stock market , fortunately, I earn again, let say gain of GBP 500.
Can I still enjoy the tax free benefit from this gain(500) derived from this 10000?

Thank you :bowing_woman: :bowing_woman:

Remember the act is on deposits - that’s the only thing that matters. Money coming from your own account outside the ISA into the ISA.

So say you invest 20k
You make 10K = 30K total
You deposit in the next year another 20K = 50K total
You make 25K = 75K total

All of this is tax-free in perpetuity, providing you stick to the 20k deposit limits.

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Thank you very much :bowing_woman: :bowing_woman:

  1. Yes.
  2. No.
  3. has been answered by @Scrooge_McCodf

Appreciated for that, Richard :bowing_woman: :bowing_woman:

perpetuity until the legislation changes :+1: :rofl:

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Is ‘legislative-based perpetuity’ the right term? :grin:

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Oh there’s always more that can be added :wink: