Buying foreign stocks in an IG UK ISA account

[Invis 0]

Hi IG Community,

I was trying to buy a certain US stock in my ISA account but got the message that I could not because of the associated tax wrapper. Can you buy certain US or any other foreign stocks with an IG stocks and shares ISA account and if so how does one identify the restriction? If not are there other UK stocks and shares ISAs that do allow this?

Thanks

[JamesIG 283]

I've just checked this specific share out and it's actually a NYSE listed ADR. The main listing is in Asia on an exchange no recognized by HMRC which means it isn't UCITS eligible and can't be offered on a UK ISA. You can still trade this in a regular share dealing account.

...there's a lot of acronyms in that but let me know if further clarification is needed. 

[JamesIG 283]

Some assets such as ETFs are not UCITS eligible which means you are unable to purchase in your ISA. Which asset are you looking at? Furthermore you need to make sure you have complete the W8BEN form which is available in MyIG under 'Settings'.

[Invis 0]

Thanks JamesIG.

Sorry for the slow reply. I do have the W8BEN completed. I was looking at Jumia (not strictly a US stock I know) - if you could help explain why I could not buy this that would be great.