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Ste2021

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About Ste2021

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  1. What are the advantages of doing bed and isa (which costs 40 gbp per line) vs sell and then buy inside isa? [sell is taxed by hmrc under cgt anyway or if it is within the allowance is not. why should i pay 40 gbp then?]
  2. 2020/21 allowance is now gone. all you can deposit this year is just 20000 max. (e.g. you can deposit from your card into that account only 20000 max. also this is considering you don't have any other types of isa accounts which can eat into your allowance)
  3. So basically even though you opened the account in the 2020-2021 financial year you can use the same account, the only thing that changes is that the allowance resets on the 6th of April 2021. Whatever you carried (let's say you deposited 5000 on 5th of April) it'll be carried automatically for the tax year 2021-2022 but it won't affect the allowance for 2021-2022? (e.g. allowance for 2021-2022 will remain 20000 but in addition to that you'll already have 5000 in your account from the previous deposit made in the 2020-2021 tax year) Am I right? Thank you, /S
  4. Hello, I would like to understand if I need to pay any tax for buying shares to HMRC if their ISIN starts with DE or ES. Also how do I figure out if a payment has been done through CREST or not - where is it stated? as from the documentation found on your website(https://www.ig.com/uk/investments/support/glossary-investment-terms/stamp-duty-and-sdrt--stamp-duty-reserve-tax--definition) states "Most paperless share transactions that you pay SDRT on are carried out electronically through CREST" Thank you, /S
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