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Posted Sat, 05 Oct 2024 13:42:00 GMT by Ellen25 New
I am trying to find out if I will pay CGT if I convert an existing OEIC into a stocks and shares ISA. I know I will have to sell the holding and immediately re-buy the same fund but under a stocks and shares ISA. Does anyone have experience of this? Thanks
Posted Mon, 14 Oct 2024 19:40:20 GMT by HMRC Admin 18 Response
Hi,

Even if you converted your existing shares/holdings into a Stocks & Shares ISA, you would still be liable to CGT if having sold your shares you made a Capital Gain of more than £3,000 -

please see the following Guidance:

Tax when you sell shares

and

Individual Savings Accounts (ISAs)

Thank you.

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