Share ISA clarification
Share ISA clarification
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Discussion

kencom

Original Poster:

170 posts

197 months

Thursday 14th September 2017
quotequote all
Could someone please clarify if the following is possible with a share ISA?

In the current tax year (£20k allowance)

1. Deposit £20k in S&S ISA
2. Invest in shares, which shoot up and double the pot.
3. Sell all the shares
3. Withdraw profit, of say £10k, with no income tax/cap gains tax implications etc
4. Re-invest the remaining £30k still within the shares ISA

I think this is how it work, but not 100% sure

kencom

Original Poster:

170 posts

197 months

Thursday 14th September 2017
quotequote all
Thanks