Toto2024
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RE: Bed and ISA rules
In addition to the above, according to https://www.gov.uk/tax-sell-shares : "When you do not pay it You do not usually need to pay tax if you give shares as a gift to your husband, wife, civil partner or a charity. You also do not pay Capital Gains Tax when you dispose of: shares you’ve put into an ISA or PEP shares in employer Share Incentive Plans (SIPs)..." Therefore if I dispose shares from SIP, I do not own any Capital Gain Tax, please confirm -
RE: Bed and ISA rules
According to HMRC rules (https://www.gov.uk/tax-employee-share-schemes/share-incentive-plans-sips) for Tax and Employee Share Schemes: "You’ll NOT pay Capital Gains Tax on shares: .... - transferred to an Individual Savings Account (ISA) within 90 days of taking them out of the plan" How exactly the shares are "transferred" if one can only deposit money in ISA? -
RE: Bed and ISA rules
Hi, please provide your guidance - I have shares in SIP and if I sell them I would have Capital Gains. If I sell these shares and purchase them again in my ISA within 30 days, do I need to pay any CGT? -
RE: Bed and ISA rules
In this case how Bed and ISA actually works? And under another scenario: If I sell from SIP (instead from a normal brokerage account) and purchase the same security and amount in ISA, I suppose I do not own any CGT? Please confirm. -
Bed and ISA rules
Hi, me and my spouse have a Joint (50/50) Brokerage Account. In the last 30 days, we have purchased at various times 600 shares and sold the same shares (value less than £20 000) at separate times and currently our total realized profit is £200. If I purchase them again (within 30 days) in my ISA (Stock and Shares), do I still own Capital Gains Tax? If that is the case, how exactly I can "Bed and ISA" if my ISA provider does not provide this service, which is just one sale order and another buy order combined ...