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ISA profit


dw412

Question

If I have deposited £20k within a UK tax year into my ISA account, and have sold some shares within that ISA to realise a cash profit which gets added to my ISA cash, can I then reinvest that cash further without incurring any tax?  

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On 14/01/2023 at 20:36, dw412 said:

If I have deposited £20k within a UK tax year into my ISA account, and have sold some shares within that ISA to realise a cash profit which gets added to my ISA cash, can I then reinvest that cash further without incurring any tax?  

Hi @dw412

Thanks for reaching out. The ISA allowance is fixed on £20k. It would not be possible to reinvesting your profits as it would be considered as breaching the terms of the ISA regulation. All the best, OfentseIG

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