You cannot buy any shares and then put them in an ISA
The process requires that you open the ISA , put in cash and then buy the shares within the ISA. So if you already own some shares, you must first sell them (which may depending on your circumstances trigger a Capital Gains Tax issue) then put the cash in the ISA and repurchase. One technicality with respect to this which I am not clear on is if the B&B restriction on buying the same shares back within a month being excluded from claiming the annual CGT exemption still applies when putting the money into an ISA. If you are selling shares in company X and buy shares on company Y then it is irrelevant anyway, it only applies if selling and then buying back shares in the same company within a month. Sorry if this seems complicated but blame that nitpicking curmudgeon Gordon Brown for this.
But yes you can now buy Amur shares in an ISA in this way
I've reinvested this morning back into AMC. Safely tucked away into my ISA to dissuade me from the temptation to trade should the opportunity arise! In a bit earlier than I planned but looking for mining licence approval before end of the year.
Anyone heard what is happening? What was he actually banned for? ? ? ?..... Tiny, I also think we will here of more approvals soon and maybe not even on a Monday - looks like we have a base at present that we are going to sit at with a nasty spread first thing... not sure what to do about ISA'ing some of my AMC as to do this I want to move it to a different bank........ bit difficult as who knows when news could hit and it would mean days of waiting for clearances etc....
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.