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Hi

I am relatively new to ISA investing. The last year (ISA year 2020-2021), I opened my ISA and invested £20k. One of my share picks has done exceptionally well, and I now sit at a profit of £30k.

 

If I were to sell my investment and realise the profit, I understand that it would be tax-free; however, if I chose to reinvest that money into the same or different company, would my investment go towards my ISA 2021-2022 allowance?

 

The reason I want to make sure is the company that I invested in has taken a dip recently, and I wanted to know how best to sell and if the price was to fall further rebuy the shares as it has strong long term potential.

 

Thanks

Mez

 

 

 

 

 

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On 18/04/2021 at 13:02, mel12345uk said:

Hi

I am relatively new to ISA investing. The last year (ISA year 2020-2021), I opened my ISA and invested £20k. One of my share picks has done exceptionally well, and I now sit at a profit of £30k.

 

If I were to sell my investment and realise the profit, I understand that it would be tax-free; however, if I chose to reinvest that money into the same or different company, would my investment go towards my ISA 2021-2022 allowance?

 

The reason I want to make sure is the company that I invested in has taken a dip recently, and I wanted to know how best to sell and if the price was to fall further rebuy the shares as it has strong long term potential.

 

Thanks

Mez

 

 

 

 

 

Hey @mel12345uk

Great news about the investment :D 

We track the money and stock you put into your account every tax year. You will be able to sell the stock and buy more stock with it and we will know it's part of your 2020/21 bracket. It will not impact your 2021/22 ISA. 

I hope this puts your mind at ease :) 

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