Share transfer into a stock and shares ISA

Hi, so if I transfer shares from a normal stocks/shares account into my stocks/shares ISA and transfer within my annual limit. As they are not sold (no value realised) I guess I don’t have a CGT liability even if they have gone up in value since purchased? Or is there a CGT liability? Please can you explain how this should be approached. Thanks for your help.

Hi John Farrell,
No gain will arise as you are just transferring them.
You would need to speak to your ISA provider regardig the transfer.
Thank you. 

I understand shares or funds cannot be transferred into an Isa, only possible to 'bed and Isa. i,e sell and repurchase.Can you transfer shares into an ISA? You cannot transfer normal shares and investments directly into an ISA, but you can sell and repurchase them within your ISA account to get the ISA tax benefits. HMRC only allows cash contributions into an ISA. This is because they need to track how much you contribute each year so that you don’t go over your limit of £20,000.

If you transfer shares into an ISA, do you have to pay Stamp Duty and any other charges?

I have a similar question, as I understand that Bed and ISA makes you liable for CGT when they are sold (if there is an increase in the value of the shares) and before repurchase within the Stocks and Shares ISA. I'm not sure when the value of the shares should taken from if a company has merged and demerged over the years - this has affected both the share price and the number of shares I have.

Hi Bernard Green,
Please contact the Stamp Duty Land Tax team for advice.
Stamp Duty Land Tax
Thank you.

Hi CL McG,
This would fall under S104 holding, please refer to:
Shares and Capital Gains Tax (Self Assessment helpsheet HS284)
Thank you.

I have a similar question. I have a stocks and shares general investment pot (not an ISA) and took 20,000 out this year (which was paid into my current account). I then used the 20,000 to purchase a new ISA with a different provider. Will I have any tax liability on the 20,000?

Hi,
Only if it generated interest in the tax year up to being placed in the ISA. The interest would be taxable.
Thank you.

So I have stocks and share ISA If I sell a holding within that ISA and purchase a different holding can I do so in the ISA without affecting my allowance? Thank you Alun

I understand that shares themselves cannot be transferred into an ISA, only cash (to have a record of the annual allowance used). I have heard about selling to repurchase those shares within an ISA(bed and ISA), which would not be subject to CGT. My question is whether the same shares (i.e. same company) have to be purchased in the ISA for this to apply. A share savings scheme with my company will be maturing giving me options to buy and fortunately will have quite a large gain, I have a stocks and shares ISA which buys units in a broad portfolio. Could I sell to purchase units in the ISA and avoid CGT on the gain?

Hi Parryalun65,
Please refer to Stocks and Shares ISA investments for ISA managers
Thank you.
 

Hi Andrew Morley,
You can see guidance here:
Stocks and Shares ISA investments for ISA managers
Thank you.