RE: POTENTIAL VALUE5 Feb 2020 21:32
Ian, there are no restrictions on day trading or number of trades etc within an ISA.
The restrictions are that you can only put in £20k per tax year. If you then remove some money back into your bank account or standard share trading account, you will not be able to return it at a later point. ie put 20k in, remove 5k, try to put another 5k back in you won't be allowed.
All profits are capital gains tax free forever from anything inside the ISA. For example: my 20k ISA bought shares in EUA and the shares doubled, I decided to sell those shares, and now I have 40k inside the ISA in which to buy new shares. I buy 40k of MNRG, and they double in price and I sell, and I then have 80k within my ISA. All tax free. After the start of the new tax year (April) I can add another 20k, and I will have 100k to buy shares in ORCP which then double and I sell giving me 200k tax free. I have spent 40K in total of my hard earned paper round money and turned it into 200k. There is no tax to pay on the 160k profits!
Lovely jubbily!