HMRC Wants To Tax Your ISA

HMRC believes fractional shares should not be inside ISAs. They have stated this to brokers, and now some of the UK's biggest investment platforms are asking their users to fight this decision, which would be very damaging to millions of portfolios.

The brokers I use:

InvestEngine
https://investengine.pxf.io/eKR40z
Get a Welcome Bonus of up to £50 when you invest at least £100 with InvestEngine

Trading 212
https://trading212.com/promocodes/DAMIEN
If you do not get your free share after depositing £1. Use promo code DAMIEN, you will find it in the section with the three lines in the bottom right corner of the app.

Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link

Links from the video:
The original story
https://www.thisismoney.co.uk/money/diyinvesting/article-12229611/Now-Isa-shelter-isnt-safe-taxman-targets-sliced-shares.html
The freetrade post
https://community.freetrade.io/t/we-need-your-help-fractional-shares-in-isas/69424
The 1998 legislation
https://www.legislation.gov.uk/uksi/1998/1870/contents

Timestamps:
00:00 - Concern
00:36 - What's going on?
01:21 - The regulations
02:39 - The ESMA
03:55 - Comments from trading 212
05:08 - Comments from HMRC
06:40 - The worst case
07:39 - Who owes the tax?
08:48 - will this happen?

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

Видео HMRC Wants To Tax Your ISA канала Damien Talks Money