Bed and ISA for non-UK stocks

[CleverMami]

Hi,

I read that Bed and ISA requests can only be made for UK stocks, why such limitation?  e.g. I would like to Bed and ISA some of my US stocks.

With that not supported, am I right to think that my only option is to sell from Share dealing account, and then buy back into my ISA account?

And if I do that within 30 days, the calculation of the CGT of selling those shares will adopt the Section 104 holding, i.e. the cost of those sold shares is the market price when I buy those shares back to ISA?

 

Cheers

W

 

[AshishIG]

17 hours ago, CleverMami said:

Hi,

I read that Bed and ISA requests can only be made for UK stocks, why such limitation?  e.g. I would like to Bed and ISA some of my US stocks.

With that not supported, am I right to think that my only option is to sell from Share dealing account, and then buy back into my ISA account?

And if I do that within 30 days, the calculation of the CGT of selling those shares will adopt the Section 104 holding, i.e. the cost of those sold shares is the market price when I buy those shares back to ISA?

 

Cheers

W

 

Dear @CleverMami,

Yes, that's accurate. Bed and ISA requests are only applicable to UK stocks; they are not permitted for non-UK stocks due to HMRC restrictions. In this scenario, you'll need to sell from your share dealing account and repurchase in your ISA once the funds are settled. Please keep in mind that you won't be able to execute both the sale and purchase on the same day, as settlement typically takes T+2 days. After selling and settlement, the funds will be added to your account, allowing you to buy them in your ISA. However, be aware that there may be a price difference in the stock by the time you repurchase. I hope this clarifies things. Let me know if you have any further questions.

All the best,
AshishIG