RE: ISA holders2 Nov 2018 15:37
Yajnas, it means any profit from Lion is liable for tax, but only if you have gains of over £11k - thats your annual allowance for Capital Gains Tax (CGT) within the ISA wrapper the investment is protected from CGT. Your annual allowance for an ISA is £20k, taht will not change - if you have invested £20k into your ISA that is the limit for 18/19 tax year. If you have invested £5k you still have £15k allowance left for TY 18/19. As Mozax states, your provider will create a GIA for the shares to go into or you open your own. Hope that helps.