RE: Liberum25 Jan 2023 22:21
For bed and ISA effectively you sell up to £20k worth (the shades ISA limit) and transfer the sale proceeds to a self select ISA and repurchase. If you realise a capital loss you can offset that loss against future gains from other share sales that are outside the ISA tax shelter, in order to lower you tax bill. One thing with Alpha shares is the wide buy/sell spread. To mitigate this, I won't "actually" bed and ISA where both transactions are usually enacted on the same day. What I'll do is on 6th April or soon after I will add £20k to the ISA, buy the shares, then sell the other £20k that are not tax sheltered some time later. Can be a bit of a tiny gamble if it goes against you though, but so far when I've been patient I've always made a few % doing this with Alpha.