Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Tue, 05 Nov 2024 16:52:45 GMT by Tony Sewell
I purchased shares in a company within a Shares ISA. The company decided to delist in the UK. However as the company was dual listed in Canada you could funge the UK shares into the Canadian ones and hence still hold a listed company. Unfortunately, my ISA provider took a unilateral decision to not allow the option to holders and did not take this route. Hence the UK shares were delisted and Barclays stated that delisted shares can not be held in an ISA and moved the delisted instrument to a normal trading account. I eventually moved these delisted shares to another company, but as the original shares were no longer in an ISA they were transferred to a normal trading account with ne broker. They then subsequently funged them to the Canadian version which could be traded and hence I cashed in my shares. So here is my dilemma. If I bought shares in good faith within an ISA but due to circumstances outside of my control related to broker and company decisions I then had to sell outside an ISA am I still subject to CGT.
Posted Mon, 11 Nov 2024 11:43:19 GMT by HMRC Admin 18 Response
Hi, yes as they are still sold outwith the ISA account.
Thank you.

You must be signed in to post in this forum.