RE: Attempt Sale15 Jun 2021 00:49
MrEMC2 - provided that the other family member's ISA is with the same manager as yours, and is already open (if not, then open it before you start this process), and provided that your ISA manager has a stockbroking arm, I would have thought that you ought to be able to sell your shares on a T+3 basis, at the same time giving written instructions to your ISA manager that the proceeds are being gifted to your relative and must be credited to your relative's ISA on the day that they are received from the market. On the third working day after your sale your relative ought then to be able to use the proceeds to buy the shares into his/her ISA.
You would be at risk of the share price moving during only 3 working days, and it would cost commission on the sale and purchase and the spread between the buying and selling prices. Off the top of my head I cannot remember the value on which the PTM levy is charged, but even if it is levied on the two deals it is only £1 per transaction.
If your broker has told you that it will take a minimum of 14 days to carry out these transactions I suggest that you tell him that you wish to proceed as above and that you cannot see any reason why the two transactions cannot be completed within 3 working days. Please let me know how you get on.