RE: ISA query26 Jul 2018 18:57
As I see it.
If invested in company 'A, in an isa.
Company 'B' in an isa. Whether it makes an, all cash, all stocks, or 50-50. (%s may very).
All cash, is a complete buy out, stocks in company 'A' will go, and the cash value will be paid into your isa. Things continue as normal, ie no tax due.
All stocks, stocks change name to company 'B's' stocks remain in isa. Things continue as normal, ie no tax due.
Cash and stocks, cash as before, stocks change name to company 'B's'. Things continue as normal, ie no tax due.
Company 'B' outside an ISA.
All cash, is a complete buy out, stocks in company 'A' will go, and the cash value will be paid into your ISA. Things continue as normal, ie no tax due.
All stocks, stocks change name to company 'B's'. Stocks leave ISA. Up to that point, no tax due, any increase in value of stocks from that point, becomes taxable.
Cash and stocks, cash would be paid into ISA, stocks change name to company 'B's'. Stocks leave ISA. Up to that point, no tax due, any increase in value of stocks from that point, becomes taxable.
That's how l understand it, but l've been wrong many times before.
imo