Why can't I buy certain stocks with my ISA?

[Mr Noble]

Wanted to buy some Tata Motors (TTM) and just logged into my Hargreaves Lansdown ISA to look at the price, and find I can't buy that stock from my SIPP or ISA, only from my Fund and Share account. (which I don't really use)

Called them up and the nice boy couldn't tell me why it's unavailable. He just said it's probably because of a tax reason between the US and UK.

Does anyone know why it is? Seems a bit odd when I can invest in a thousand other US listed companies like Apple or Microsoft, but not in one of the biggest auto companies on the planet!!


http://www.hl.co.uk/shares/shares-search-results/t...

[Mr Noble]

It is most odd.

Just looked at Tesla and that one's fine to trade in using ISA or SIPP, so what's different about Tata?

http://www.hl.co.uk/shares/shares-search-results/t...



I hope HL aren't being racists.

[Mr Noble]

Update


I had a more in depth reply from HL and those folks above are correct. Although the Tata shares trade on the NYSE, the underlying shares are listed on the Indian exchange, which HL don't recognise.

Shame.

I'm sure things will change sooner or later.