Member Info for SW16

Https://www.yahoo.com/news/man-jailed-after-trying-to-turn-faeces-into-gold-.html

For those who have almost everything in GGP and not trading, the raising of the annual fee cap for an ISA is a tripling in charges - from £45 to £150 a year.

If you are holding only shares (no funds) in an ISA, excluding dealing charges HL previously capped charges at £45 a year. That has now gone up to £150 a year, so I am also paying more

Do you mean Scottish Mortgage or Scottish Investment Trust?

It is disgraceful that HL (and others) haven't introduced a flexible ISA. And when, after a while, I asked again whether they were planning to introduce one, they sent quite a snotty reply saying that if they did it would be on their website.
I did try to get an MP I know to take up with the issue of why the market isn't working, suggesting that flexible ISAs might stimulate the economy, but I didn't get far. I might write to my own MP just for the hell of it

In the case of the weekly shop, you can't insist the shop sells you the goods at the marked price https://www.citizensadvice.org.uk/consumer/somethings-gone-wrong-with-a-purchase/if-something-is-advertised-at-the-wrong-price/

Noobz don't worry about your average. In your ISA on day one, the average will be the price you have just paid for the shares. And that sets the new baseline for showing any percentage change in value of your holding.
You will still know how you made your money. You just won't have the ready figure for self-ego-massaging or willy-waving

Alice is dreaming of her success. She has gone beyond the stage of thinking about how successful her (possible) investment in GGP might be, and has projected herself forward to that time, and that's the life she lives out here. To a greater or lesser degree she might actually believe it's real. The fantasy only becomes a problem when, to support her fantasy she starts spending money she hasn't got. That's something a lot of people do anyway

30 January 2014 made my first (very small) investment here. Added at various prices. Sold several big chunks after big drops, and ended up buying back, often at higher prices. Have not sold any for several years.
After this year's market crash I found that diversification didn't help. I sold everything else apart from Scottish Mortgage (another long-term holding) and GGP, and put most in here. GGP now over 80% of SIPP and ISA.

Whatever that quote refers to, it does NOT refer to Greatland.

TomE
1. I am NOT trying to scare peple about retrospective taxation;
2. I have posted a link to Parliament's position on retrospection;
3. I do not understand why (even though you have paid for professional advice which doesn't agree with what Parliament has said) you want to potentially lull people into a false sense of security.
4. I have no view on whether the government will or will not make changes to ISAs (or whether any changes would be retrospective)

Tom E To expect Parliament to be constantly stating a position on retrospective taxation is ludicrous. A document dated August this year is a current position

TomE - UK Parliament's website on its powers to impose retrospective taxation : https://commonslibrary.parliament.uk/research-briefings/sn04369/

TomE Yes, it has been discussed lots of times. And every time someone says it would be unlawful to tax an ISA, I always point out that governments have made retrospective to changes to taxes Inthe past.
Why wouldn't that be unlawful? The government passes a law to make it lawful.
(For the avoidance of doubt, I am not saying that the government will - or won't - tax ISAs; simply that it could)

TimberTrader: Yes, CGT and retrospection has been discussed here many times. Retrospective taxation is frowned upon, but UK governments HAVE done this several times in the past. (Just search for UK parliament retrospective taxation).
I think a government is quite likely to proceed in the way you suggest, but people should not assume that the government does not have the power to act retrospectively.

An ISA with HL is only £45 naximum a year in management fees if you hold only shares (including investment trusts)

I assume, as you want to avoid CGT, that it's in an ordinary account with II not an ISA. Assuming that that's the case, you can't transfer until you have cleared cash in your account. After that, the quickest way (assuming your bank has faster payment system) is to transfer cash to your bank account and then pay into HL account.

If I could, I would avoid anything relying on institutions doing a transfer.

HL customer service has declined this year. I understand that there are long waits on the phone. I couldn't get replies to secure messages after over a week. I contacted via direct messages on Twitter and was able to get what I needed

Remember it's a lifetime pension (rather than SIPP) allowance. So you need to take into account anything like a work place pension

It is a bit of a gamble. You need to look at what tax you would pay if you didn't transfer now, and compare it with what you think the possible increase in GGP is.
I have a similar problem. I want to sell some GGP in my ISA and pay it in to a (large) number of nephews and nieces and great nephews and nieces' SIPPs - some have one and some don't. I keep putting it off because of the time-lag there would be between selling and being able to withdraw it to my bank account and then pay it into their SIPPs

This gives a pretty clear explanation of Right of First Refusal https://www.investopedia.com/terms/r/rightoffirstrefusal.asp

My understanding is that it's only relevant if another party makes an offer to GGP (which GGP would be intersted in accepting); in those circumstances, before GGP could accept the offer, GGP would have to offer the same deal to the party who has Right of First Refusal. If that party wanted to deal on that, GGP would not be able to do the deal (on those terms) with the first party who made the offer