RE: 9p drop10 Apr 2021 09:07
roddw1 Yes it was something like that. I seemed to have made it unbelievably complicated, but it worked.
I based it around the bed and breakfast (which I sort of understand but couldn't get my head around it).
Last year maxed out my isa holdings and I wanted to get more MCRO so just got them in an ordinary account.
Then I wanted to open an I web account because it just as good as HL but much cheaper in the long run for LTH.
Had a spare bit of cash to place in the Iweb account at the start of the new Isa.
The idea was to Buy in isa then immediatley sell in the normal account thus effectively swapping them over with the idea of a minimal fees/charges for the new shares. However I didnt know or allow for the 3 days for funds to clear. In turn by the time the funds cleared and I could swap over again I sold for a bit more than I was able to rebuy them in the isa therefore eleminating the cost of the buying fees/stamp duty. In short I still have the same number of shares at the same price as last year without any extra expense except in my new isa.
I was careful to make sure that the profit I made on the old shares did not exceed the £12k capital gains ,any other mcro shares will just stay in that account untill the next tax year since they are my long hold and only have 2K in there . So even if MCRO goes sky high I really don't mind paying capital gains since the majority of my shares are now in the ISA. Also as my accountant pointed out that thanks to Covid i am now in the lower tax bracket so I am only eligable for 10% capital gains.
Im sure there are better other ways but more importantly it worked for me and my head space!
Good luck with whatever method you use to get them into your isa.